The Business Times
business-time-50

Kim Heng unit inks MOU for offshore windfarm cable laying projects

Jude Chan

Jude Chan

Published Fri, Jul 1, 2022 · 07:54 PM
    • The MOU will remain in force for a year, and is subject to renewal by mutual agreement.
    • The MOU will remain in force for a year, and is subject to renewal by mutual agreement. AFP

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    kim heng

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    As at Aug 31, around 180 million shares have been sold in total, Singtel and the CPF Board said on Sep 17.

    Quarter of Singtel special discounted shares sold ahead of CPF Board transfer

    Agmo CEO Tan Aik Keong’s unconventional rule is to “say yes first, then figure out how”.

    Why Tan Aik Keong of digital solutions specialist Agmo wants to make himself less indispensable

    The Golden Violet oil tanker docked at a PT Pertamina facility in Tanjung Priok Port in Jakarta, Indonesia. Asia’s new energy security architecture should have a support mechanism to help Asian countries build emergency oil reserves through financing and technical assistance.

    Asia needs new energy security architecture

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More