Prosafe

Offshore & Marine

Keppel O&M associate Floatel to conduct independent review after Prosafe's $1.14 bil impairment

Keppel Corporation has requested Floatel International, an associated company of Keppel Offshore & Marine to perform an independent review of its business plan following Prosafe’s impairment.

M&A

Keppel O&M associate Floatel to merge with Prosafe to ride long downturn

SINGAPORE (June 4): Floatel International, an associated company of Keppel Offshore & Marine (Keppel O&M) which is part of the Keppel group of companies, has agreed to a merger with Prosafe SE.

Results

SembMarine declares dividend despite 70% drop in 1H earnings

SINGAPORE (July 28): Rigbuilder Sembcorp Marine announced revenues amounting to $1.83 billion for the first six months of the year, a 27% year-on-year drop as customers deferred taking delivery of their orders and new contracts dwindled on the back of low
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