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    Keppel Singmarine begins 2006 with several new contracts

    Yard News // January 3, 2006

    Keppel Singmarine recently delivered Hadi 19 - ahead of schedule.

    Keppel Singmarine Pte Ltd, the wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has clinched three newbuilding contracts worth a total of S$120 million.

    The first contract involves the construction of four AHTS at its Keppel Nantong Shipyard, northwest of Shanghai. The deliveries of these vessels are expected between third quarter 2007 and mid 2008.

    The owner is Hadi Offshore Pte Ltd, a newly established Singapore subsidiary of Hadi H Al Hammam Est, Saudi Arabia (HADI). The companies have awarded Keppel Singmarine a total of 14 orders since 2001.

    Keppel Singmarine’s latest delivery for HADI was in December 2005. An AHTS vessel, it was completed one month ahead of schedule and achieved an excellent safety record of zero-incident during the whole construction period.

    The second contract is for the construction of an ice class AHTS for repeat customer LUKOIL. An earlier order was placed for a similar AHTS in the second quarter 2005.

    Keppel Singmarine will also build a new AHT for a new customer, Seaways International Pte Ltd, a newly set up operation in Singapore with its headquarters in the Middle East.


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