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Keppel Corp posts 6.4% rise in Q1 earnings

Group shifting focus of offshore business to areas beyond drilling rigs

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KepCorp expects demand in areas beyond drilling rigs to remain resilient, and is already building non-drilling vessels such as accommodation semis and liftboats.

Singapore

CONGLOMERATE Keppel Corp will shift the focus for its offshore business to areas beyond drilling as rig orders dry up, it said on Thursday after the group reported a rise in first-quarter net profit.

A couple of customers have asked to defer rig deliveries and KepCorp is

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