Keppel ends 2011 with S$10b worth of new orders

Keppel’s O&M division clinches a contract to build a 91-metre container vessel for a Papua New Guinea-based mining company.

In a statement, Keppel Corp. said the container vessel to be built by Keppel Singmarine for Ok Tedi Mining Limited is capable of loading 3,000 tonnes of copper concentrate or carrying 236 TEU (twenty-foot equivalent unit) of containers.

Aside from constructing a container vessel, Keppel’s shipbuilding division will also build three 4000 DWT (deadweight tonnage) bulk ore/fuel carriers for Ok Tedi Mining. Each carrier will be able to carry a minimum of 4,000 tonnes of copper concentrate or 1,900,000 litres of bulk diesel fuel.

All the vessels are scheduled for delivery in 2Q 2013.

Keppel’s yard in the Netherlands, meanwhile, is in charge of the upgrading activities for Scarabeo 6, a semisubmersible drilling rig.

Keppel Verolme’s contract with Italian customer Saipem Misr for Petroleu Services S.A.E. (Saipem) includes upgrading its drilling capabilities to a water depth of 1,200 metres, the prefabrication and installation of various deck extensions, and the renewal of traction winches, cable spooling winches and double riser tensioners.

Taken together, Keppel Singmarine and Keppel Verolme’s latest contracts are worth S$150 million.

Chow Yew Yuen, Managing Director of Keppel O&M, said, "With these contracts, our new orders for the year to date has reached a record high of some S$10 billion, with deliveries extending to 2015. It reflects the confidence of global customers in the capabilities of our yards across the Keppel O&M group. We have established a solid track record of successfully completed projects and we intend to maintain this by executing our orders to the satisfaction of our customers.”

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