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 to Build South East Asia’s First LNG Bunkering Vessel for Port of Singapore
Singapore shipbuilder Keppel will build South East Asia's first liquefied natural gas bunkering vessel with delivery planned for 2020. FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum, placed an order with Keppel Singmarine, a subsidiary of Keppel O&M, to build the 7,500m3 LNG bunkering vessel which will be the first in Singapore … [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...]
Keppel to Build Singapore’s First LNG-Powered Bunker Tanker
Singapore shipbuilder Keppel Offshore & Marine has announced that a subsidiary has secured a contract to build Singapore's first dual-fuel bunker tanker to be powered by liquefied natural gas. A contract for the vessel was signed between Keppel O&M's wholly-owned subsidiary Keppel Singmarine and Mitsui & Co (Asia Pacific) with partial funding from the Singapore … [Read more...]