Keppel, Seadrill Continue Rig Builds

Tuesday, January 13, 2009

The wholly owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), Keppel FELS Limited, and Seadrill Jack-Ups Ltd have agreed to continue with the building of the two jackups on revised terms that are mutually beneficial. The contract value of the two jackups is $420m.

Keppel FELS Limited and Scorpion Offshore have agreed to terminate the $405m rig contract on mutually acceptable terms. Scorpion Offshore is working closely with Keppel FELS in the latter’s exploratory discussions with interested third parties to take over the building of the semisubmersible. The outcome of these discussions are highly uncertain.

Keppel Singmarine and Lewek Shipping are currently working towards an amicable mutual termination of their contract and this is expected to be finalised shortly. The cancellation of the Scorpion and Lewek Shipping contracts are not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited, the parent company of Keppel O&M, for the financial year ending 2009.
 
www.kepcorp.com

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

NewLead Holdings Acquire 5 Vessels

NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less

‘Landmark Year’ for RS in 2014

For Russian Maritime Register of Shipping (RS), 2014 marked the 101st year of its activities. The classification society said 2014 also marked a landmark year,

CORIMA Orders a Damen ASD Tug 2810

CORIMA, part of the Italian Gesmar Group, has ordered a Damen ASD Tug 2810.   The Damen ASD Tug 2810, which has a 60 metric tons bollard pull, will be deployed in the port of Ancona.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2097 sec (5 req/sec)