September 24, 2017 4:47 AM 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.

MD, MD of Keppel Shipyard (Pte) Ltd and Director of Keppel Shipyard (Pte) Ltd
Age: 76
President of Keppel Cebu Shipyard Inc
Acting Managing Director and Executive Director
Age: 55
Corporate Secretary
General Manager of Human Resource
Compensation as of Fiscal Year 2017.

Keppel Shipyard Ltd. Key Developments

Keppel Shipyard Ltd. Secures Conversion and Repair Projects Worth SGD 85 Million

Keppel Offshore & Marine Ltd. has through its wholly owned subsidiary, Keppel Shipyard Ltd. (Keppel Shipyard), won four contracts worth a total of SGD 85 million for the conversion, repair and modification of vessels. The first contract is from Dixstone Holdings Ltd, for the conversion of the M/T Tempera into an FPSO. Keppel Shipyard's job scope includes the installation of topside process skids as well as a new accommodation module, amongst others. Work is expected to commence in third quarter of 2017 and upon its expected delivery in third quarter 2018, the FPSO will be deployed to the Yombo field operated by Perenco off the Republic of Congo, Africa. It will replace the FPSO Conkouati which has served the field for more than 25 years and was also converted by Keppel Shipyard in 1991. For the second contract, Keppel Shipyard will carry out repair work for the life extension and conversion of an oil tanker into an FPSO, MTC Ledang, for new customer, MTC Engineering Sdn Bhd. Work by the shipyard includes the fabrication of a flare tower and foundation; the lifting and integration of the crude stabilisation unit, as well as other refurbishment works. Upon its completion in Third Quarter 2017, the FPSO will be deployed to the Ophir Field, offshore Peninsular Malaysia. The third contract that Keppel Shipyard secured is from Royal Boskalis Westminster N.V. (Boskalis), for the conversion of a semisubmersible heavy lift vessel, Finesse, to a crane vessel. After the upgrade, Finesse will be equipped with a 3,000 tonne crane, dynamic positioning (DP2) capabilities, as well as accommodation for up to 150 people. The vessel, which is already berthed at Keppel Shipyard, will also be capable of transporting and installing offshore wind turbine foundations upon its completion in third quarter of 2017. For the fourth contract, Keppel Shipyard will carry out major refurbishment for an EXMAR Ship Management (Exmar) managed gas carrier, LNG Lerici. Work on the vessel has commenced and is expected to be completed in first quarter of 2018.

GasLog Ltd. Orders Keppel Shipyard for FSRU Long Lead Items for LNG Carrier Conversion

GasLog Ltd. announces that Keppel Shipyard Limited has begun ordering long lead items required for the conversion of a GasLog or GasLog Partners LP LNG carrier to a floating storage and re-gasification unit. The LLI's include pumps, vaporizers, heat exchangers and low duty compressors, which are vital equipment for the conversion process. The LLI's take approximately 12 months to deliver at a total cost of around $16 million. Ordering the LLI's reduces the time necessary to convert an LNG carrier from between 18-20 months to 6-8 months once the LLI's are delivered.

Keppel Shipyard Ltd Secures Four Contracts Worth of About SGD 120 Million from Repeat Customers

Keppel Shipyard Ltd. has secured four contracts worth a total of about SGD 120 million from repeat customers. The first contract that the company secured is from BW Catcher Limited, for the installation and integration of topside modules for a new build Floating Production Storage and Offloading (FPSO) vessel. Upon its completion, the FPSO will be deployed to the Catcher Field located in Central North Sea, UK, which is operated by Premier Oil. The second contract is from SOFEC Inc. to fabricate an Internal Turret Mooring System for a Floating Storage and Offloading vessel that will operate in Maersk Oil's Culzean Field in UK's section of the North Sea. Fabrication of the turret is expected to be completed in third quarter of 2017. For the third contract, the company will carry out upgrading work to the pipelay vessel, Castorone, for Saipem Offshore Norway AS (Saipem). The fourth contract is from Woodside Energy Ltd. for the modification and upgrading of the FPSO vessel Ngujima-Yin to support the Greater Enfield Project. The company's job scope includes marine and hull life extension and refurbishment works; installation of new customized water flood module, turret risers and power and control module; as well as modification of swivel system, marine and topside related piping. Detailed engineering phase is expected to commence in July 2016 while the shipyard construction work is targeted to start in second quarter of 2018. Upon its completion, the Woodside-operated Ngujima-Yin FPSO will be deployed back to the Greater Enfield area located in Western Australia.

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
February 27, 2017
EMAS CHIYODA Subsea Limited
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