Keppel Sells Logistics Units to Sinotrans
Keppel Telecommunications & Transportation (Keppel T&T) has entered into agreements to divest its entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) to Sinoway Shipping, a subsidiary of Sinotrans Limited, for about S$39 million.Expected to be completed in 2019, the proposed divestments are in line with Keppel T&T's strategy to unlock value and recycle capital, allowing the company more flexibility to pursue other opportunities.Thomas Pang, CEO of Keppel T&T…
Keppel Wins 18 Awards at WSH 2019
Keppel Group has clinched 18 awards at this year's Workplace Safety and Health (WSH) Awards, organized by the Workplace Safety and Health Council (WSHC) and Ministry of Manpower (MOM), Singapore. This is the highest number of awards won by a single organization this year. Keppel had also won the highest number of awards in 2018.Of the 18 awards, Keppel Offshore & Marine (Keppel O&M) received 12 awards under the Safety and Health Award Recognition for Projects (SHARP) category for exemplary project safety and health management systems.Keppel FELS…
Van Oord Enacts Hopper Dredger Option
Van Oord has decided to use the option of ordering a third trailing suction hopper dredger at Keppel FELS Limited. The vessel is similar to the two vessels that Van Oord ordered in May 2018. Each one has a hopper capacity of approximately 10,500 cubic meters and measures 138 meters in length and 28 meters across the beam.This investment is part of a broader fleet renewal program in the Dredging business unit. The new hoppers will replace existing vessels and fit in with Van Oord’s aim of making its fleet state-of-the-art and more energy efficient.
FAT Testing Complete for M/V George III Main Engines
Pasha Hawaii reports that factory acceptance testing (FAT) of the dual-fueled, MAN Diesel & Turbo ME-GI main engine has been completed for the M/V George III, the first of two 774-ft., U.S. Jones Act, LNG-fueled containerships being built at Keppel AmFELS in Brownsville, TX. The two ‘Ohana Class ves-sels will join the Pasha Hawaii fleet, which provides service to the Hawaii/Mainland trade lane.Each ship will carry 2,525 TEUs at a sailing speed of 23 knots. Delivery of the vessels…
Waypoint Singapore Opens New Office
Waypoint Port Services Singapore Pte Ltd (‘Waypoint Singapore’) celebrated the opening of its new office premises with an inauguration event last week.The guest of honor for the event was Schulte Group CEO, Ian Beveridge, COO of Bernhard Schulte Shipmanagement, David Furnival, and CFO of Bernhard Schulte, Tobias Pinker, who cut the ribbon at the ceremony. Other guests included customers and partners of Waypoint Singapore, representatives from port operators PSA Singapore and Jurong Port…
Keppel Partners GTT on LNG Solutions
Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport & Technigaz (GTT) that will enable the companies to jointly market liquefied natural gas (LNG) solutions leveraging GTT's membrane containment systems and Keppel's shipyard expertise.Keppel O&M's network of global yards will be able to offer GTT's LNG systems in the design, construction and maintenance of LNG carriers, LNG Bunker vessels, LNG-fuelled vessels, and floating storage and regasification units (FSRU).Since completing its first LNG carrier repair in 1990…
ABS to Class Singapore's First LNG Bunker Barge
Singapore’s first liquefied natural gas (LNG) bunker barge scheduled to begin construction in January 2019. The 7,500 cubic meter capacity barge will be owned and operated by a joint venture between Shell and Keppel Offshore & Marine, FueLNG Pte Ltd, who selected ABS to class the vessel.To help spur the project, Singapore’s Maritime and Port Authority (MPA) recently granted up to $3 million to FueLNG Pte Ltd to build the barge. The vessel will be based in the Port of Singapore…
Golar LNG Closes FLNG Hilli Episeyo Financing
Owner and operator of LNG carriers Golar LNG has secured $ 200 million in additional liquidity as part of a debt financing deal related to the Hilli Episeyo. Golar LNG announced that following the June 4th announcement of commercial acceptance of Hilli Episeyo, the Company has repaid the $640 million drawn under the $700 million construction financing facility and drawn down on the post acceptance $960 million lease financing facility provided by CSSC Leasing. After the closing therefore an additional $320 million of liquidity has been received by Golar.
Keppel to Build South East Asia’s First LNG Bunkering Vessel
Keppel Offshore & Marine Ltd (Keppel O&M) through its wholly-owned subsidiary, Keppel Singmarine Pte Ltd, has secured a contract from FueLNG, a joint venture between Keppel O&M and Shell Eastern Petroleum (Pte) Ltd, to build South East Asia's first Liquefied Natural Gas (LNG) bunkering vessel valued at approximately S$50 million. Scheduled for completion in 3Q 2020, the dual-fuel LNG bunkering vessel will have a capacity of 7,500 cubic metres. FueLNG will receive a grant of up to S$3 million as part of the Maritime and Port Authority of Singapore's (MPA) LNG Bunkering Pilot Programme (LBPP).
Singapore Awards Grant to Build LNG Bunker Vessels
Singapore's port authority will provide S$6 million ($4.5 million) to help build two liquefied natural gas (LNG) bunker vessels, in a bid to promote ship-to-ship LNG bunkering in the city-state.FueLNG, a joint venture between Keppel and Shell Eastern Petroleum, and Pavilion Gas will each receive a S$3 million co-funding grant for the vessels due for delivery in 2020, the Maritime and Port Authority of Singapore (MPA) said on Monday.The move is part of Singapore's push to maintain its status as leading ship refueling hub in the region."LNG is a viable marine fuel solution to meet global environ
Shipbuilding: Keppel Bags Order for Van Oord Dredgers
Keppel Singmarine Pte won contracts from Van Oord to build two Trailing Suction Hopper Dredgers (with an option for a third), the shipbuilder announced, scheduled for completion in 4Q 2020 and 2Q 2021 respectively. Built to the standards of Bureau Veritas, Each TSHDs will have a hopper capacity of 10,500 cubic meters, and more importantly for environmental concerts, both will be equipped with dual-fuel systems capable of running on LNG. "We are pleased to work with Keppel on these…
Keppel Explores Sale of Jack-up Rigs to Borr Drilling
Singapore yard Keppel Corporation is considering a sale of jack-up rigs to Norwegian offshore drilling contractor Borr Drilling, reports The Business Times. The world’s biggest builder of oil rigs is seeking to offload six jack-up rigs for up to US$960 million to the Oslo-listed drilling firm headed by Tor Olav Trøim, said the report. BT also reported that Keppel Capital has already hooked up with structured finance provider Clifford Capital to potentially extend a sale-and-lease-back arrangement for at least one jack-up contracted by Grupo R.
Keppel O&M to Pay US$422m to Resolve Petrobras Issue
Keppel Corporation Limited (Keppel Corporation or Keppel) today confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by KOM's former agent in Brazil, Zwi Skornicki. As part of the global resolution, KOM has accepted a conditional warning from the Corrupt Practices Investigation Bureau (CPIB) in Singapore, and entered into a Deferred Prosecution Agreement (DPA) with the U.S.
MPA Pumps $8.9 Mln More into Singapore's LNG Bunkering
The Maritime and Port Authority of Singapore (MPA) has injected another S$12 million (US$8.9 million) to boost liquefied natural gas (LNG) bunkering in the Port of Singapore. Half of this S$12 million has been set aside to co-fund the building of new LNG bunker vessels to facilitate the development of ship-to-ship LNG bunkering in the Port of Singapore. The remaining half will be used to top up MPA’s existing co-funding program to support the building of LNG-fuelled vessels. Launched in 2015…
BrasFELS Delivers Fifth FPSO Project for MODEC
Keppel Offshore & Marine's (Keppel O&M) wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., an EPCI arm of the MODEC, Inc. group (MODEC). The FPSO was completed safely, on time and within budget, and departed the shipyard recently for the Bananal Bay in Brazil. It will subsequently be deployed in the Tartaruga Verde and Tartaruga Mestiça Fields…
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore by completing truck-to-ship bunkering for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo. The LNG bunker transfer, which was carried out in batches from 22 July to 23 September 2017, was conducted in accordance with the Singapore Chemical Industry Council (SCIC) Technical Reference for LNG Bunkering (TR 56), which provides a safe, efficient and sustainable technical framework for LNG bunkering operations.
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore by completing truck-to-ship bunkering for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo. The LNG bunker transfer, which was carried out in batches from July 22, to September 23, 2017, was conducted in accordance with the Singapore Chemical Industry Council (SCIC) Technical Reference for LNG Bunkering (TR 56), which provides a safe, efficient and sustainable technical framework for LNG bunkering operations.
BW Catcher Sails to North Sea
BW Offshore, a leading global provider of floating production services to the oil and gas industry, announced the sail away of the FPSO BW Catcher. The vessel has left Keppel Shipyard in Singapore and is currently in transit to the Catcher field in the central North Sea. BW Catcher is expected to reach UK waters early in the fourth quarter, depending on prevailing weather conditions. Upon its arrival, BW Catcher will commence a seven-year fixed term contract, with extension options of up to 18 years, with Premier Oil.
Keppel AmFELS to Build Two LNG Fueled Containerships
Keppel AmFELS, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) in the United States (US), has secured a contract worth more than US$400m from Honolulu-based Pasha Hawaii for the construction of two Liquefied Natural Gas (LNG) fueled containerships. The dual fuel LNG vessels will be built to Keppel's proprietary design with delivery of the first vessel expected in 1Q 2020, and the second vessel in 3Q 2020. Simon Lee, President of Keppel AmFELS said, "We are pleased that Pasha has chosen us to build their first two LNG fueled containerships to our innovative design.
Golar LNG Partners in FLNG Hilli Episeyo Stake Acquisition
Golar LNG Partners announced that it has entered into a purchase and sale for the acquisition from Golar LNG Limited and affiliates of Keppel Shipyard and Black and Veatch of equity interests in Golar Hilli LLC, which will, on the closing date of the Acquisition, indirectly own the FLNG, Hilli Episeyo. The Acquired Interests represent the equivalent of 50% of the two liquefaction trains, out of a total of four, that have been contracted to Perenco Cameroon SA and Societe Nationale Des Hydrocarbures for an eight-year term.
Keppel, Sembcorp Merger on the Cards ?
A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might be on the cards, report local media quoting the Development Bank of Singapore (DBS). DBS said that with orders at a trough and expectations for only a modest recovery, a merger of Singapore's two major rigbuilders could create a global giant that is more competitive and resilient. “A merger could make sense to further streamline their operations, achieve cost synergies and eliminate competition in the medium term,” DBS said.
Keppel to Deliver World's First Converted FLNGV
Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), will soon deliver the world's first converted Floating Liquefaction Vessel (FLNGV) owned by Golar Hilli Corporation (Golar), a subsidiary of Golar LNG Ltd. The vessel was named Hilli Episeyo at a ceremony in Keppel Shipyard today. Upon its completion, the FLNGV will be put in operation offshore Kribi, Cameroon for Société Nationale des Hydrocarbures and Perenco Cameroon SA, and will be the first FLNGV project in Africa.
Pasha Hawaii Taps Keppel Fels to Build LNG-Fueled Boxships
Delivery of First Vessel Planned for Early 2020. Honolulu-based Pasha Hawaii today announced that the company has selected Keppel AmFELS in Brownsville, TX, a subsidiary of Keppel Offshore & Marine (Keppel O&M) for the construction of two new Liquefied Natural Gas (LNG) fueled containerships, with the option to order two additional vessels. Pasha Hawaii is in the process of finalizing contract specifications. The new U.S. Jones Act vessels will carry 2,525 TEUs, including a fully laden capacity of 500 45-foot containers…
BW Offshore to get FPSO from Keppe
Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher Limited, a wholly-owned subsidiary of BW Offshore. When completed BW Catcher will be on a 7-year fixed term and 18 years of options contract with Premier Oil and will be deployed to the Catcher Field located in Central North Sea, UK. Keppel Shipyard's work scope on the FPSO include the installation and integration of topside modules. BW Catcher is scheduled for sailaway from the shipyard in the next few months and is on track to achieve its first oil in 2017.
Two New SEA\LNG Partners
SEA\LNG, which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed two new partners, each representing key aspects of the LNG maritime value chain: ABS and Keppel Offshore & Marine’s Gas Technology Development. The recent decision by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPS) to enforce the global 0.5 percent cap on the sulphur content of marine fuel by 2020 has significantly increased interest in LNG as a cost effective, safe and more environmentally friendly fuel.
Three Keppel Dredgers for Jan De Nul
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine) has secured contracts from Jan De Nul Group to build three Trailing Suction Hopper Dredgers (TSHDs). The TSHDs are worth about S$100 million in total. The first two dredgers are expected to be completed in 2H 2018 while construction of the third dredger will require a notice within six months from Jan De Nul to exercise the option for the dredger. To be built to Jan De Nul's design…