Keppel Offshore and Marine (Keppel O&M)

However, the group achieved a positive ebitda of $27 million for the 1HFY2023.

Keppel Corp shareholders have already given their go ahead on Dec 8

Back in Dec 2017, Keppel had agreed to pay US$422 million as part of a global resolution to authorities in three jurisdictions

The Maju 510 tug is capable of autonomous vessel navigation and collision detection and avoidance (CDCA)

The MOU is confirmation of a widely-expected restructuring exercise investors and analysts have been suggesting for years.

If successfully completed, the merger is expected to be a listed entity and accretive to Keppel Corporation’s earnings.

The contracts were signed through Keppel O&M's wholly-owned subsidiaries, Keppel AmFELS and Keppel Shipyard.

Keppel FELS has received a notice from Awilco Drilling’s wholly-owned subsidiary Awilco Rig, to terminate a contract to build a mid-water semisubmersible drilling rig for harsh environment use, on Monday.

SINGAPORE (Mar 12): Keppel FELS has won a contract from Awilco Drilling to construct a mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million ($559 million).

SINGAPORE (Jan 25): Keppel Corporation registered a net loss of $495 million in 4Q17 ended Dec, compared to earnings of $143 million in 4Q16.