Is Keppel going beyond the role of a traditional shipyard?

It taps into strategic players in doing vessel designs.

Keppel Corporation is slowly shaping itself to be a powerhouse player in the shipyard sector.

According to OCBC Investment Research analyst Low Pei Han, Keppel is able to go beyond the role of a traditional yard by bringing in key strategic players, financial investors and participate in the vessel design early on, amongst other factors.

Low mentioned that Keppel is also able to offer solutions for the seamless delivery of LNG from end to end, from upstream (FPSO, FLNG), to midstream (FSRU, small-scale LNG carriers), and finally downstream (LNG bunker vessel, land- based and floating power plants, dual-fuel vessels).

"As such, KEP sees itself as an industry enabler for a yet-to-mature sector, not just a pure product/service provider," Low said.

Just recently, Keppel held a naming ceremony for Hilli Episeyo, the world’s first converted floating liquefied natural gas (FLNG) vessel. The group had entered into a US$735m contract in 2014 with Golar LNG to convert an existing Moss LNG carrier into the FLNG.

"...this is the first in a series of FLNG vessels – there will be the Golar Hilli, Golar Gandria, Golar Gimi for now; the conversion contract values for Gandria and Gimi are U$684m and US$705m, respectively. Compared to newbuilds, converted FLNGs are significantly more cost-effective and faster to market, without compromising safety and processing capabilities," Low said.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Singapore’s new law weaves safety net for gig workers
Gig workers will be enabled to secure their retirement, benefit from improved workplace safety, and gain greater visibility within the industry.
HR & Education
Here’s how Gen Z consumer preference reshapes APAC’s marketing landscape
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst being conscious of cost and convenience.

Event News

Event News

SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd Cards & Payments
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.
Cards & Payments SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.