Keppel Shipyard secures conversion contracts worth $160 million

SINGAPORE : Keppel Shipyard has secured two conversion contracts worth S$160 million.


The first contract is to convert a floating production storage and offloading vessel.

Work on the vessel is expected to start in the second quarter of this year and completed in the third quarter of next year.

The second contract is to convert a vehicle carrier into a livestock carrier for a leading livestock carrier owner and operator.

The work scope includes design engineering and procurement of major equipment.

The vessel, to be renamed Ghena, is targeted for completion in the third quarter of this year, and will ply the route between Australia and the Middle East.

The company said the two contracts are not expected to have any material impact on the earnings per share of Keppel Corporation for the current financial year.