The recently completed sale of Keppel Marine Industries Limited's marine-related businesses to Keppel Hitachi Zosen
for about $99.4 million has allowed Keppel to "carry out a reduction of headcount in the three yards that will result in savings of about $2.9 million a year.
Following the consolidation of Keppel Shipyard, Hitachi Zosen Singapore
and Keppel Singmarine Dockyard
, under Keppel Hitachi Zosen, the Keppel Group is rationalizing its operations to remain competitive.