Keppel O&M gets contracts for two LNG harbour tugs
KEPPEL Corporation said on Wednesday morning that subsidiary Keppel Offshore & Marine (Keppel O&M) has secured contracts to build its first two dual-fuel diesel liquefied natural gas (LNG) harbour tugs.
The two tugs are expected to use bunkering services provided by FueLNG, a Keppel joint venture with Royal Dutch Shell.
Keppel also said it has entered into a memorandum of understanding with Shell to jointly explore potential opportunities in the LNG sector.
Keppel traded at S$5.35, up four cents, as at 10.45am.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback
Microsoft beats estimates as AI drives revenue
Crypto firm sues SEC to fend off oversight of Ethereum