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
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,960 members that receive our newsletter.
Have a news tip? Let us know.
April 19 (Reuters) – A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,960 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
