Feature 9 | SOUTH EAST ASIA Keppel plays to its strengths
Te Keppel Shipyard in Singapore is seeing a recovery in both conversion and repair activity.
experiencing an upturn in its fortunes aſter a downturn caused by the global recession. This trend is particularly evident at the Keppel Shipyard, which repaired more than 150 vessels in the first half of 2010, and reports a particularly strong performance in terms of the repair of tankers, container ships, gas carriers, as well as offshore supply vessels. Moreover, during this period the yard
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successfully completed the conversion and upgrading of three FPSOs and one FSRU. Six other FPSO conversion projects are now in progress at Keppel Shipyard and one of these, Maersk Peregrino, is due to leave the yard in the third quarter of 2010 for a contract with Statoil, offshore Brazil. Earlier this year Keppel boosted its
FPSO portfolio by signing a contract with Single Buoy Moorings (SBM) to convert a VLCC, Bauhinia, into a FPSO facility which will be located offshore Equatorial Guinea. Work has recently started on this project which should be completed in the third quarter of 2011. Keppel Shipyard is also currently
undertaking the upgrading and conversion of a suezmax tanker into an FPSO for repeat customer Bumi Armada. Te work scope includes refurbishment and life extension works; fabrication and installation of accommodation blocks, turret support structure and topside modules; upgrading of auxiliary support systems; and installation of owner supplied equipment. When completed in the second quarter of 2011, the facility will be able to produce up to 45,000 barrels of oil per day (bopd), and store one million barrels of oil. Te converted FPSO, which will be deployed offshore Vietnam, is Keppel Shipyard’s fourth project together with Bumi Armada. In addition, Keppel is undertaking a
livestock carrier conversion, which is now well underway. Signed earlier this
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here are some tentative signs that Singapore’s shiprepair and conversion business is
The FPSO conversion Maersk Peregrino, at Keppel Shipyard.
year with Hijazi & Ghoseh, the contract involves the conversion of a car carrier, Merlion Ace, and the scope of work includes design engineering, major equipment procurement, structural modifications to the ship and installation of all electrical and piping systems. To be renamed Hena, the vessel will be completed by the end of September and will be operated between Australia and the Middle East. Tis is the second time that Keppel has
carried out a live stock carrier conversion for Hijazi & Ghoseh. Te first, Maysora, was completed in 2001. Keppel is quietly confident that
prospects for its conversion business are slowly recovering. With the steady increase in oil prices, the company believes there is likely to be growing interest from oil majors to resume exploration and production activities and this will fuel a revival in the global FPSO market. In addition, Keppel points out, there may be a growing requirement for existing FPSOs to come off field for upgrading and repair due to replacement and relocation contracts. “Given this background, and the continuous support of our clients, we
are optimistic that business for conversion projects will remain steady,” a company spokesperson said. A top priority for Keppel at its main
Tuas site is improved safety. Consequently, one of the most important investment projects being carried out by the company is the development of a new, integrated safety training facility, the Keppel Safety Training Centre. Te Centre offers a wide range of safety training and certification courses for its workforce across all levels. According to Nelson Yeo, managing director of Keppel Shipyard: “Te Centre draws on the combined resources and expertise of Keppel and our safety partners to provide critical programmes and infrastructure to raise the safety standards of our workforce. We want to provide a positive learning experience that will not just educate, but also motivate our people to take ownership of their own safety as well as that of their colleagues.” The centre comprises a three-storey building equipped with classrooms, an e-learning zone, and a safety journey hall with multimedia and interactive training stations. It also features a life-size replica of the mid-section of a tanker with various
Shiprepair and Conversion Technology 3rd Quarter 2010
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