SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) on Wednesday said it signed a letter of intent with returning customer Floatel International Ltd. to build an accommodation rig worth US$315 million.
The semisubmersible rig, designed for harsh environments and able to accommodate 440 people, is planned for delivery in July 2014. A further announcement will be made when the contract is signed, Keppel said in a statement to the Singapore Exchange.
This will be Floatel’s fourth accommodation semisubmersible rig with Keppel.
-By Matthew Allen, Dow Jones Newswires
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
By Subrat Patnaik Apr 12, 2025 (Bloomberg) –US President Donald Trump’s administration is planning an executive order to allow the stockpiling of critical metals from the Pacific seabed, according to the...
April 9 (Reuters) – A company controlled by Hong Kong-based CK Hutchison has invested $1.7 billion in two ports near the Panama Canal, it said on Wednesday, surpassing the amount required under its contract, which is...
China retaliated against new tariffs imposed by President Donald Trump by announcing it would raise duties on US goods, roiling markets and deepening a trade war between the world’s largest economies.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
