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Keppel to build two LNG carriers for Stolt-Nielsen

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LNG Industry,

Keppel Offshore & Marine Ltd has announced that – through its wholly owned subsidiary Keppel Singmarine – it has secured a S$103 million contract to construct two LNG carriers for Stolt-Nielsen Gas B.V. – a subsidiary of Stolt-Nielsen Ltd.

Under the terms of the contract, Keppel Singmarine has also secured options construct an additional three similar units for Stolt-Nielsen Gas. The latter has 6, 12 and 18 months from the effective date of the contract to exercise the options respectively.

The Managing Director of Keppel Singmarine, Abu Bakar, said: “We are pleased to be selected by Stolt-Nielsen Gas to build their first two small scale LNG carriers. Keppel yards have repaired a number of vessels for Stolt Tankers previously and we are glad to be able to further support them with our wide range of products and services.

"This order extends our track record in providing solutions along the LNG value chain, which includes two dual-fuel harbour tugs that we are currently building. We are able to leverage our shipyard's capabilities and innovative LNG research and development to meet our customer's needs."

The vessels are expected to completed in 2Q19 and 3Q19, respectively. Each carrier will have a capacity of 7500 m3, and will feature engines that are capable of operating on both diesel and LNG. The carriers will have a class notation for bunkering, which adds to their versatility to not only transport, but also to provide LNG bunkering services if needed.

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