offshore

SINGAPORE (July 21): Keppel Corporation saw a 45% fall in earnings to $416 million for the half year ended June from a year ago, with its property division now the largest contributor.

SINGAPORE (July 21): UOB Kay Hian is keeping its “hold” call on Keppel Corporation with a target price of $6.40, saying there is “no foreseeable improvement” to the group’s offshore & marine (O&M) business despite its recent contract wins.

SINGAPORE (July 20): Keppel Singmarine, a wholly-owned subsidiary of Keppel Corporation’s offshore & marine unit, Keppel Offshore & Marine (Keppel O&M), has secured contracts from Jan De Nul Group to build three Trailing Suction Hopper Dregers (TSHDs) w