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Offshore & Marine
CPIB launches investigation into Seatrium for alleged corruption in Brazil (update)
The company appointed a former CPF board member as additional director on the same day.
May 31, 2023
Results
Seatrium reveals net order book of over $20 bil in 1QFY2023 business update
As at end-March 31, Seatrium has a net debt/equity ratio of 0.18 times, compared to 0.26 times as at end-December 2022.
May 12, 2023
Company in the news
Could Keppel's structure reorganisation lead to property arm spin-off?
Keppel’s latest reaffirmation of its new strategy has received a thumbs-up from some analysts.
May 05, 2023
Offshore & Marine
Keppel FELS receives arbitral award against Awilco Rig 1
The contract with Awilco was worth about US$425 million ($567.0 million).
April 24, 2023
M&A
SembMarine shareholders approve merger with Keppel O&M by 95.3%
Shareholders holding 95.3% of the total shares in SembMarine voted for the merger with Keppel O&M.
February 16, 2023
Company in the news
DPM Heng says Keppel O&M bribery case could be reopened with new evidence
“Corruption has no place in our society and our economy. This has not and will not change,” he adds in his Facebook post.
February 07, 2023
Company in the news
A lack of sufficient evidence was the reason behind 'stern warnings' only for former Keppel O&M employees: Indranee
CPIB had issued “stern warnings” to the six individuals, who were formerly senior management staff of Keppel O&M on Jan 12.
February 06, 2023
M&A
SembMarine stresses that it’ll be able to continue to 'pursue normal course of business' if proposed merger fails
It adds that its net debt to equity ratio had improved to 0.26 times as at Dec 31, 2022, from 0.53 times as at Sept 30, 2022.
February 06, 2023
Contracts
Keppel O&M secures offshore substation contract worth $130 mil
The contract is said to strengthen Keppel O&M’s foothold across the value chain of offshore renewables.
January 05, 2023
M&A
SembMarine to hold EGM pertaining to proposed combination with Keppel O&M in January
As SembMarine works towards convening the EGM as soon as possible, the company expects the EGM to take place in January 2023.
December 23, 2022