Keppel’s offshore arm clinches contracts worth $125m from repeat customers

It secured four contracts in total.

Keppel’s offshore and marine division has inked new contracts from repeat customers, which usually signifies that they were satisfied with their previous transactions.

According to a statement by Keppel, Keppel O&M’s wholly-owned subsidiary Keppel Shipyard has secured two conversion contracts, one for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel, while another one for a Floating Production Storage and Offloading (FPSO) vessel.

Meanwhile, for Keppel O&M’s overseas yards, Keppel FELS Brasil SA's BrasFELS shipyard in Rio de Janeiro, Brazil, secured a FPSO integration contract , while Caspian Shipyard Company in Baku, Azerbaijan, has secured a barge enhancement contract.

“Even in challenging market conditions, we are glad to be the choice yard for operators. The confidence shown in us is a reflection of Keppel's proven track record in delivering quality products competitively, with high standards of safety and to customers' satisfaction,” said Chow Yew Yuen, CEO of Keppel O&M.
 

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