Keppel Sees Signs of Rig Recovery After Posting Q4 Profit

SINGAPORE, Jan 24 (Reuters) - Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry. The company on Thursday reported a net profit of S$135 million ($99.2 million) for the quarter ended December, compared with a net loss … [Read more...]

Keppel Offshore and Marine Division Reports Second Quarter Loss

SINGAPORE, July 19 (Reuters) - Singapore's Keppel Corp posted a 44 percent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions that offset losses in its other segments, including offshore and marine. Keppel, whose businesses range from rig-building to property development, posted a net profit of S$246 million ($179 … [Read more...]

Keppel Set to Deliver South East Asia’s First LNG-Powered Tug

Singaporean shipbuilder Keppel Offshore & Marine is on track to deliver South East Asia's first dual-fuel LNG tug to Keppel Smit Towage. The tug was named KST Liberty at a ceremony held at Keppel Singmarine on Wednesday. The 65-tonne bollard pull LNG dual-fuel Azimuth Stern Drive (ASD) tug was built to Keppel's proprietary design which won the Outstanding Maritime … [Read more...]

Keppel Q1 Profit Jumps Despite Slip in Offshore and Marine Division

SINGAPORE, April 19 (Reuters) - Singapore's Keppel Corp first quarter profit rose to its highest level in nine quarters, helped by a divestment gain and contributions from property trading in Singapore and China. Keppel, whose businesses range from rig-building to property development, said on Thursday net profit was S$337 million ($257 million) for the quarter ended March, … [Read more...]