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Marine Log

October 18, 2007

Keppel Nantong wins orders for eight tugs

Keppel Nantong Shipyard Co. Ltd, Nantong, China, has won contracts worth a total of around $75 million, including owner furnished equipment, to build eight tugs.

A wholly-owned subsidiary of Singapore's Keppel Offshore & Marine, Keppel Nantong was acquired in 2005. It constructs specialized vessels such as offshore support vessels and tugboats and is located along the Chang Jiang River, about 110 km north-west of Shanghai.

The first of the contracts reported today is from Smit Internationale Beheer B.V (SMIT) and is for two 90-tonne bollard pull offshore support tugs with anchor handling, diving support, and fire fighting capabilities.

Delivery of these two vessels is expected in the first half of 2010. They will be deployed in West Africa.

The second and third contracts are from Keppel Smit Towage Pte Ltd and Maju Maritime Pte Ltd. Each covers the construction of three 65-tonne bollard pull twin-screw Azimuth Stern Drive (ASD) tugs. They will be built in accordance to the MTD 3265ST design, developed by Keppel O&M's technology unit, Marine Technology Development (MTD).

The vessels are expected to be progressively delivered in the year of 2011.

Mr Lee Tai Kwee, President of Keppel Nantong, said, "With the eight new vessels, Keppel Nantong has an orderbook of 26 vessels currently under construction on our 16 hectare site. We are glad that our customers have confidence in the capability of this new yard which is just under two years old."

SMIT Internationale Beheer B.V is a division of Dutch company, SMIT Internationale NV. that provides services relating to transport barges, tugs, support vessels and self-propelled floating sheerlegs. It is a repeat customer of Keppel O&M.

Both Keppel Smit Towage and Maju Maritime are 51/49 joint ventures of Keppel O&M and SMIT Internationale N.V.

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