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    Keppel Singmarine confirms details of GulfMark deal

    Yard News // November 15, 2005

    Keppel Singmarine in Singapore has confirmed that it is to build six Anchor Handling Tug/Supply vessels for S$230 million, two of which will be built in Keppel's yard in China.

    Keppel Singmarine confirmed that it had clinched a contract to build six anchor handlers for Gulfmark Offshore.

    Two of thee six 10,700bhp AHTS vessels of 2,700dwt each will be built in the Keppel Nantong Shipyard, this being the first contract clinched by Keppel’s newly acquired shipyard in China.

    The first vessel is expected to be delivered in the third quarter of 2007, with progressive deliveries subsequently till the final delivery in the third quarter of 2008.

    Customised to Gulfmark’s requirements, the six vessels are of Keppel’s Marine Technology Development’s (MTD) own design and are being built to meet the growing demand of Gulfmark Offshore’s customers in Southeast Asia.

    Earlier this year, Keppel Singmarine delivered two AHTS vessels, Coloso and Titan, also of MTD design, to Gulfmark Offshore.

    Mr Bruce Streeter, President and Chief Operating Officer of the Gulfmark Offshore, said: "These new vessels are the culmination of over 18 months of planning and are designed to respond to the growing demand created by increased oil and natural gas development activities as well as the new construction of drilling rigs."

    “We are also pleased that Keppel, who successfully completed our two new vessels that went to Mexico earlier this year, will be building these new ships and we have confidence in their capability to deliver them on time and budget.”

    Mr Hoe Eng Hock, Executive Director of Keppel Singmarine, said: “We are very happy that Keppel Singmarine’s expertise and capabilities are recognised by a prominent player in the international offshore marine services, Gulfmark Offshore. We clinched this contract amidst competition with European and American yards. To build two vessels of these six in Keppel Nantong Shipyard also reinforces the trust and confidence that our customers have in our ability to deliver the same high quality of shipbuilding in our new overseas yard. Keppel Singmarine’s established track records have demonstrated our expertise and capabilities to meet growing demands of our customers.”


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