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September 23, 2020

Keppel O&M wins two contracts worth $146.6m

Keppel Offshore & Marine (Keppel O&M) subsidiaries Keppel AmFELS and Keppel Shipyard have won contracts worth S$200m ($146.6m) for a new dredger and floating storage and regasification unit (FSRU) conversion.

Keppel Offshore & Marine (Keppel O&M) subsidiaries Keppel AmFELS and Keppel Shipyard have won contracts worth S$200m ($146.6m) for a new dredger and floating storage and regasification unit (FSRU) conversion.

As part of one of the contracts, Keppel AmFELS will construct a trailing suction hopper dredger (TSHD) for US-based Manson Construction.

It will mark the first construction of TSHD at Keppel AmFELS’ Brownsville yard in Texas.

The TSHD will have a hopper capacity of 15,000 cubic yards. It will be operated in the Gulf Coast and Atlantic Coast of the US.

The dredger will be built to the requirements of the American Bureau of Shipping (ABS) classification society and will comply with the Jones Act.

Featuring a diesel-electric power system, the vessel will be 420ft long and 81ft wide with a draft of 28.5ft.

A contract between Keppel Shipyard and BW Gas and Invenergy Investment Company joint venture, FSRU Development, involves the conversion of a liquefied natural gas (LNG) carrier into an FSRU.

The FSRU will operate at the Port of Acajutla in El Salvador and will be the first integrated LNG-to-power project of the country.

The two contracts mark the fifth FSRU conversion and ninth newbuild dredger for Keppel.

So far, Keppel O&M has constructed four dredgers and is working on four additional dredgers with hopper capacities of 6,000m3 to 10,500m3.

Keppel O&M CEO Chris Ong said: “This is an exciting first newbuild project for Keppel O&M with Manson Construction and we will be building the largest US hopper dredger. We look forward to supporting Manson Construction Co as they grow their fleet of vessels.

“Keppel O&M’s partnership with the BW Group has grown from strength to strength, having worked together on more than ten projects, including FPSO and FSRU conversions. This demonstrates our close collaboration and BW Group’s confidence and trust in our capabilities.”

In July last year, Keppel O&M subsidiaries Keppel FELS and Keppel Shipyard won contracts worth S$130m ($95.5m) from repeat customers.

The contracts were awarded for a new dredger and the modification of floating production storage and offloading (FPSO) vessel.

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