SINGAPORE (May 23): Keppel Corporation revealed Wednesday that the contracts won by Keppel Singmarine to build two high-specification Trailing Suction Hopper Dredgers (TSHDs) for Van Oord are valued at approximately $212 million, excluding owner furnished equipment.

The disclosure was in response to a query from Singapore Exchange on Monday, asking the group to reveal the value of the contracts as well as the option for a third vessel.

Keppel had announced the contract wins on May 16, but did not disclose the value of the contracts.

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