Keppel Hitachi Zosen Garners $161 Million Contract

Singapore-based ship repairer Keppel Hitachi Zosen Ltd said on Monday it won a contract worth about $161 million to build four cable-laying and repair vessels for TyCom Ltd.

The company said in a statement that each of the 7,800 dwt ships would be used for installation and maintenance of the Tycom Global Network, a worldwide undersea fiber optic system being deployed by TyCom.

Keppel Hitachi had already been awarded an earlier contract in April for two cable-laying and repair vessels.

It said the first two vessels would be delivered in 2001 and the other four through 2002