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February 11, 2016 8:57 PM ET

Machinery

Company Overview of Keppel Shipyard Ltd.

Company Overview

Keppel Shipyard Ltd. owns and operates as a ship repair yard. The company engages in the conversion of floating production storage and offloading, and floating storage and offloading vessels, as well as in ship repair and conversion and construction. It provides services, such as repair, conversion, and construction work, as well as fabrication of steel structures. Keppel Shipyard offers dry docking, repair, upgrading, conversion, and construction for offshore and marine vessels, including chemical/oil tankers, container/cargo vessels, passenger ships, gas carriers, navy ships, and dredgers. The company was founded in 1981 and is based in Singapore, Singapore. Keppel Shipyard Ltd. operates a...

Tuas Yard

51 Pioneer Sector 1

Singapore,  628437

Singapore

Founded in 1981

Phone:

65 6861 4141

Fax:

65 6861 7767

Key Executives for Keppel Shipyard Ltd.

Managing Director, Managing Director of Keppel Shipyard (Pte) Ltd and Director of Keppel Shipyard (Pte) Ltd
Age: 74
Chief Financial Officer
Age: 64
President of Keppel Cebu Shipyard Inc
President of Keppel Philippines Marine Inc
Age: 63
Acting Managing Director and Executive Director
Age: 53
Compensation as of Fiscal Year 2015.

Keppel Shipyard Ltd. Key Developments

Keppel Shipyard Ltd Secures Four Contracts Worth SGD 125 Million

Keppel Shipyard Ltd. secured two conversion contracts - the first is for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited; the second is for a Floating Production Storage and Offloading (FPSO) vessel awarded by Yinson Production (West Africa) Pte Ltd. Work on the LNG FSU conversion for Bumi Armada is scheduled to be completed in third quarter 2016. Upon completion, the LNG FSU vessel will operate at the Delimara LNG Regasification Terminal in Malta. As for the FPSO conversion for Yinson, work is expected to commence in first quarter 2016. The work scope includes modification work, new equipment installation complete with associated piping, electrical and instrumentation systems as well as installation and integration of the FPSO process topsides. Upon completion, the FPSO will be deployed to the Offshore Cape Three Point block located in offshore Ghana.

Keppel Shipyard Ltd Secures Two Conversion Contracts

Keppel Shipyard Ltd. has secured two conversion contracts – the first is for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited; the second is for a Floating Production Storage and Offloading (FPSO) vessel awarded by Yinson Production (West Africa) Pte Ltd. Work on the LNG FSU conversion for Bumi Armada is scheduled to be completed in the third quarter of 2016. Upon completion, the LNG FSU vessel will operate at the Delimara LNG Regasification Terminal in Malta. As for the FPSO conversion for Yinson, work is expected to commence in the first quarter of 2016. The work scope includes modification work, new equipment installation complete with associated piping, electrical and instrumentation systems as well as installation and integration of the FPSO process topsides. Upon completion, the FPSO will be deployed to the Offshore Cape Three Point block located in offshore Ghana.

Keppel Shipyard Ltd Wins Contracts

Keppel Offshore & Marine Ltd. (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd. (Keppel Shipyard) has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about SGD 125 million. The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC Limited. Work on the FPSO conversion, which has commenced, is scheduled to complete in the third quarter of 2016. Upon completion, the FPSO will produce for the Madura Strait Block BD which is located 65km east of Surabaya and about 16km south of Madura Island, Indonesia. Separately, Keppel Shipyard has been awarded major repair, upgrade and modification contracts by Totem Ocean Trailer Express Inc. (Totem Ocean), Dolphin Drilling Limited (Dolphin Drilling) and Saipem Offshore Norway AS. Keppel Shipyard's contract with Totem Ocean is for the first conversion of a large roll- on/roll-off cargo vessel to operate on a dual-fuel diesel LNG propulsion system. The work scope is a complex undertaking of the replacement of four engines, adding 2,200m3 of LNG capacity along with the addition of 47km of new cabling. When the conversion is completed, the vessel, Midnight Sun, will produce less greenhouse gas emissions, reducing emissions of particulate matter by 91%, nitrogen oxides by 100%, sulphur oxides by 90% and carbon dioxide by 35%. Keppel Shipyard's work for a drillship of Dolphin Drilling, Belford Dolphin, includes renewal survey and modification, while for its project with repeat customer Saipem Offshore, Keppel Shipyard will undertake major refurbishment and upgrading works that include installation of a new 750-tonne Abandon & Recovery winch and additional thruster, as well as living quarters extension for a Field Development Ship.

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