SINGAPORE (May 16): Keppel Singmarine has secured contracts of undisclosed value from Van Oord to build two high-specification Trailing Suction Hopper Dredgers (TSHDs).

The two dredgers are expected to be completed in 4Q20 and 2Q21 respectively. As part of the contracts, Van Oord has an option to order a third dredger to be exercised within one year.

Keppel Singmarine is a subsidiary of Keppel Offshore & Marine, a member of the Keppel Corp group of companies.

Van Oord is a leading international contractor specialising in dredging, marine engineering and offshore projects. Its head office is located in Rotterdam, the Netherlands.

TSHDs are mainly used for dredging loose and soft soils such as sand, gravel, silt or clay. The dredged material can be deposited on the seabed through bottom doors or discharged through a floating pipeline to shore and used for land reclamation.

When completed, the two TSHDs will each have a hopper capacity of 10,500 cubic meters. Built to the requirements of classification society, Bureau Veritas, the two dredgers will be equipped with dual-fuel systems capable of running on LNG.

Jaap de Jong, Staff Director, Ship Management Department at Van Oord, says, “We are pleased to work with Keppel on these modern and environmentally-friendly dredgers which will strengthen our mid-class dredger fleet as well as our presence in the region. Last month we already launched our first LNG powered crane vessel. The TSHDs will be the first LNG hopper dredgers in our fleet.”

The above contracts are not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation for the current financial year.

Shares in Keppel closed 6 cents lower at $8.16 on Wednesday.