Keppel secures newbuild contracts for S$47m

Keppel Singmarine, a wholly-owned subsidiary of Singapore?s Keppel Offshore & Marine, has secured two contracts from Indonesian customers worth a total of about S$47 million.

The first contract is for a Coal Transshipment Barge for repeat customer PT Indo Straits Tbk, through its subsidiary company PT Pelayaran Straits Perdana and the second is for the construction of three tugboats for a new customer, an international shipping company, the company said on Wednesday.

Keppel Singmarine's contract with PT Pelayaran Straits Perdana is a repeat order of the Coal Transshipment Barge, Straits Venture, which was delivered earlier this year.

Designed by Keppel Singmarine's design arm, Marine Technology Development (MTD), the vessel is capable of loading 35,000 tonnes of coal per day, and operates in open sea and difficult transshipment conditions. It will also have the flexibility to support marine offshore engineering operations in the oil and gas industry. The vessel is scheduled for delivery in the fourth quarter of 2012.

For the three tugboats ordered, Keppel Singmarine will undertake the engineering and construction of the turnkey projects.

The three vessels, consisting of two 45-tonne bollard pull tractor tugs with twin Voith Schneider Propulsion units and a 50-tonne bollard pull Azimuth Stern Drive (ASD) tugboat, are expected to be delivered in the third and fourth quarters of 2012.(alex)