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14 Apr 2016

Keppel Singmarine to deliver high-specification derrick lay vessel to McDermott

Keppel Singmarine, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), will soon deliver a high-specification deepwater derrick lay vessel to Hydro Marine Services, a subsidiary of McDermott International (McDermott).

The derrick lay vessel, which is built to Keppel's proprietary design, was named DLV 2000 during a ceremony held earlier today. The first project she will be deployed for is the INPEX Ichthys Liquefied Natural Gas project in offshore Western Australia.

Mr Chow Yew Yuen, Chief Executive Officer of Keppel O&M, said, "We are pleased to deliver what would be McDermott's flagship derrick lay vessel to add to their growing global fleet of specialised vessels. DLV 2000 has been designed with enhanced features to work in water depths of up to 10,000 feet and in severe weather conditions. Having built over 400 vessels, Keppel Singmarine has a strong track record in designing efficient and specialised units to meet the needs of the market. We are confident that this robust and high-quality vessel will serve McDermott well as their flagship derrick lay vessel wherever she operates."

Mr David Dickson, President and CEO of McDermott, added, "We are glad to add this state-of-the-art derrick lay vessel to our global fleet. The flexibility and features built into the design of DLV 2000 will enable us to provide more value-added services to match the needs of the evolving market. We have built a strong partnership with Keppel O&M over the years, and they have demonstrated that their capabilities in design, engineering, execution and providing top-notch customer service run throughout the Group."

Developed by Keppel's design arm, Marine Technology Development, DLV 2000 is capable of achieving efficient pipelay rates for long trunklines and operating in severe weather conditions while maintaining significant thrust output and power distribution. Although DLV 2000 is designed to carry out pipelaying using the S-lay installation method, the vessel has the flexibility to accommodate a deepwater, 500-tonne flex-lay system that can be installed as needed in response to market needs.

DLV 2000 is one of a number of specialised vessels that Keppel Singmarine has recently delivered, adding to its strong record of designing and building some 400 ships of various specifications and functions.

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About Keppel Singmarine

Keppel Singmarine is the specialised shipbuilding arm of Keppel Offshore & Marine, with a track record of designing and building some 400 ships of various specifications and functions, spanning from Anchor Handling Tug/Supply vessels, Multi-Purpose Offshore Support vessels and tugboats to highly advanced solutions such as icebreakers and ice-class support vessels. To learn more, please visit website  

About McDermott International
McDermott International (McDermott) is a leading provider of integrated engineering, procurement, construction and installation services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons. McDermott has served the energy industry since 1923 and is listed on the New York Stock Exchange. To learn more, please visit website

For more information, please contact:

Media Relations

Say Huan Yuan
Assistant Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6450 / 9773 3031

Investor Relations

Ms Ivana Chua
Assistant General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6436