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Keppel Offshore in line to lose orders worth $871m
By Martyn Wingrove and Marcus Hand - Thursday 27 November 2008
Keppel Singmarine shipyard: Keppel said that contracts signed earlier this year for pair of jack-up rigs for Seadrill, a semi-submersible rig for Scorpion Offshore and multi-functional support vessel for Ezra unit Lewek Shipping, were under review.
OFFSHORE vessel and rig owners are trying to cancel more than $870m of orders at Keppel Offshore and Marine to reduce their debt as credit lines have been tightened.
Keppel said that contracts signed earlier this year for a pair of jack-up rigs for Seadrill, a semi-submersible rig for Scorpion Offshore and multi-functional support vessel for Ezr...
