Kim Heng unit inks MOU for offshore windfarm cable laying projects

Jude Chan

Published Fri, Jul 1, 2022 · 07:54 PM

OFFSHORE marine services contractor Kim Heng announced on Friday (Jul 1) that wholly owned subsidiary Adira Renewables has entered into a non-binding memorandum of understanding (MOU) involving offshore windfarm cable laying installation projects.

Under the MOU, the Kim Heng unit will cooperate with Crowley Wind Services on the installation projects across the east coast of the US.

The MOU will remain in force for a year, and is subject to renewal by mutual agreement.

Shares of Kim Heng closed 1.1 per cent or S$0.001 lower at S$0.091 on Friday, before the announcement.

Kim Heng buys S$10m crane, bags US$7.2m windfarm job

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Companies & Markets

Companies & Markets

Kim Heng unit inks MOU for offshore windfarm cable laying projects

Jude Chan

Companies & Markets

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Chevron's quarterly profit beats estimates

EU toughens rules on Chinese fashion retailer Shein

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