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Keppel O&M to sell its Dutch yard to Damen Shipyards

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Anita Gabriel

Anita Gabriel

Published Mon, Apr 10, 2017 · 09:50 PM

Singapore

KEPPEL Offshore & Marine is selling its Rotterdam-based shipyard Keppel Verolme to Dutch firm Damen Shipyards Group in line with its efforts to rationalise its global network of yards following a strategic review.

Towards this end, it has entered into a term sheet agreement with Damen Shipyards, said Keppel Corp, which wholly owns Keppel O&M, in an announcement to the Singapore Exchange.

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