Keppel O&M gets contracts for two LNG harbour tugs

KEPPEL Corporation said on Wednesday morning that subsidiary Keppel Offshore & Marine (Keppel O&M) has secured contracts to build its first two dual-fuel diesel liquefied natural gas (LNG) harbour tugs.

The two tugs are expected to use bunkering services provided by FueLNG, a Keppel joint venture with Royal Dutch Shell.

Keppel also said it has entered into a memorandum of understanding with Shell to jointly explore potential opportunities in the LNG sector.

Keppel traded at S$5.35, up four cents, as at 10.45am.