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Keppel Offshore & Marine (Keppel O&M)
Offshore & Marine
Keppel O&M delivers second of three dual-fuel dredgers to Dutch maritime company
The first dredger was delivered in April while the third and final dredger is slated to be delivered in 2023.
December 13, 2022
Contracts
Keppel O&M secures 2 jackup rig charters from ADES worth up to $155 mil
Keppel's O&M arm enters into bareboat charter contracts with ADES Saudi for 2 KFELS B Class jackup rigs with $155 mil.
November 11, 2022
Broker's Calls
CGS-CIMB upgrades SembMarine to 'add' following revised deal terms while Citi keeps its 'sell' call
UOB Kay Hian has kept ‘buy’ call on SembMarine and sees it returning to profitability in FY2023.
October 28, 2022
Offshore & Marine
Keppel to begin charters for four rigs assets in Saudi Arabia
The charters are expected to generate total revenue of about $250 million over three to five years.
October 14, 2022
Offshore & Marine
Keppel O&M enters new framework deed with Borr Drilling to accelerate delivery of three rigs and defer two others
Under the amended framework deed, Keppel O&M will receive more cash payments earlier.
October 12, 2022
Offshore & Marine
Keppel Corp receives further six-month extension of credit period from CPIB
The payment of the balance has now been extended to March 22, 2023.
September 09, 2022
Broker's Calls
UOBKH positive on offshore market with high oil prices providing support
Target prices for the three companies stand at $10.11, 15.6 cents and $1.16 for Keppel, Sembmarine and Yangzijiang respectively.
August 30, 2022
Disruption and Digitalisation
Keppel O&M partners M1 to implement Southeast Asia's first maritime 5G AR/VR smart glasses solution
The pilot project is part of Keppel O&M’s strategy to leverage digitalisation for remote virtual operations.
August 03, 2022
Contracts
Keppel O&M awarded contracts worth $75 mil
The contracts were signed with Keppel AmFELS and Keppel Shipyard.
August 01, 2022
Offshore & Marine
Keppel Corp receives three-month extension of credit period from CPIB
The payment was supposed to be made within a three-year period till June 22.
June 13, 2022