Keppel Offshore & Marine has won two contracts worth $48.7million.
The company’s subsidiary, Keppel Singmarine, will carry out work with Seaways to build a multi-task Anchor Handling Tug (AHT) vessel suitable for a number of offshore activities.
It will also complete work for N-KOM (Nakilat-Keppel Offshore & Marine), a joint venture shipyard in Qatar, to provide technical services for the construction of a liftboat.
Mr Abu Bakar Mohd Nor, managing director of Keppel Singmarine, said, “We are happy that Seaways has chosen to partner Keppel again in growing their AHT fleet.
“At Keppel, we strive to build long term relationships with our partners so that we can know and anticipate their needs.
“At the same time, by taking on new projects such as the liftboat, we continuously expand our suite of technology solutions so as to better meet the demands of the specialised shipbuilding market.”
The AHT vessel for Seaways is expected to be completed in the second quarter of 2016 and the vessel will be the fifth AHT unit that Keppel Singmarine has built for Seaways.
The company said the contracts are not expected to have an impact on tangible assets or earning per share of Keppel Corporation Limited for the current financial year.