Tuesday, December 16, 2008

Daily news - 16 Dec

$120m contracts for Keppel unit
Keppel Corporation said yesterday that it has won two contracts worth $120 million for environmental projects based in Guadeloupe and Honduras through its unit. Keppel Integrated Engineering (KIE) said that it would design a waste-to-energy plant in France's Guadeloupe for a Spanish construction group known as ACS (Actividades de Construccion y Servicios) and the local authority. The plant - which is expected to be completed by 2011 - will treat up to 130,000 tonnes a year of waste from households, hospitals and industrials to produce steam and electricity, Keppel said, adding that the civil works for the plant will be managed by the Spanish client. In Honduras, Keppel would also design and provide turnkey supply mechanical and electrical works for the first stage construction of a wastewater treatment facility. To be completed by the next year, the construction would allow 1,650 cubic metres of wastewater to be treated daily. 'Sustainable development with world-class management of solid waste and water is now becoming a key feature of urbanisation,' said KIE chief executive Chua Chee Wui in a press release. He added that the Latin American market continues to be a focus area for the company.

SembMarine wins LNG carrier deal
SembCorp Marine continues to build its portfolio of stable, repair and maintenance contracts with the signing of an evergreen favoured customer contract (FCC) with International Gas Transportation Company (IGTC), to provide repairs, upgrades and other marine services for its fleet of seven liquefied natural gas (LNG) carriers. This fleet is operated by North West Shelf Shipping Service Company (NWSSSC) on behalf of the North West Shelf Venture participants, BHP Billiton Petroleum, BP Australia Shipping, Chevron Australia Transport, Japan Australia LNG (MIMI) Downstream Services, Shell Development (Australia) and Woodside Petroleum Holdings. SembMarine had in October signed a $35 million contract LNG carrier life extension contract with IGTC, with work beginning in June. The latest contract will see NWSSSC's fleet of LNG carriers regularly dry-docking at SembMarine's subsidiary shipyards Sembawang Shipyard and Jurong Shipyard. The group expects to handle around two vessels per year from 2010 onwards under this programme. This contract signifies the first time that a major LNG operator has committed to a long-term maintenance and refit contract. SembMarine is building on its global leadership position in the highly specialised LNG carriers repairs, upgrading and life extension work. 'This contract marks another milestone for NWSSSC and SembMarine and will ensure that NWSSSC, on behalf of IGTC, can continue to deliver safe, reliable and high quality LNG transportation services to the North West Shelf Venture's North Asian customers,' said NWSSSC general manager Noel Hart.

Source: Kim Eng

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