Thursday, March 29, 2012

Keppel signs letter of intent to build US$315m accommodation vessel

SINGAPORE: Keppel Corporation has signed a letter of intent with Floatel International to build an accommodation vessel worth US$315 million for delivery in July 2014.

Keppel FELS says when completed, the accommodation vessel will be able to hold 440 persons in single bed cabins with ample recreation areas and office amenities.

Floating accommodation platforms are needed to provide additional living quarters for drilling and production personnel.

This will be Floatel's fourth accommodation semi with Keppel FELS.

The transaction is not expected to have any material impact on the net tangible assets or the earnings per share of Keppel Corporation Limited for the current financial year.

View the original article here

Source From Channel News Asia

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