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2008 July 28   09:53

Singapore's Keppel wins $131 mln shipbuilding deal

Singapore's Keppel Corp , the world's largest offshore oil rig builder, said on Sunday it has won a S$181 million ($133 million) contract to build a ship for a Romanian drilling company.
Keppel said in a statement that its unit Keppel Singmarine Pte Ltd would build the multi-purpose heavy lifting and pipelaying vessel for drilling contractor Grup Servicii Petroliere SA to be used in the Black Sea and Mediterranean.
Scheduled for completion by the third quarter of 2011, the contract is not expected to boost Keppel's earnings in the current financial year, the firm added.

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