Marine Link
Friday, March 24, 2023

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Maritime Activity Reports, Inc.

February 28, 2023

(Photo: Keppel Offshore & Marine)

(Photo: Keppel Offshore & Marine)

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. 

($1 = 1.3484 Singapore dollars) 

(Reuters - Reporting by Jaskiran Singh in Bengaluru; Editing by Savio D'Souza)

Marine News explores the challenges facing operators on America’s inland waterways system and the work being done to address them.
Read the Magazine

Keep it Moving: Corps Dredges Log Record Seasons to Combat Drought Impact

Getting the Work Right: Coordinating Money, Time and Big Projects

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week