Singapore's major shipyard Keppel Offshore & Marine experienced significant improvement in 2018, where the company's earnings started to grow again, shows conglomerate Keppel Corporation's financial report, which Keppel Offshore & Marine is part of, published Thursday.
For the yard alone, revenue increased by 4 percent to just SGD 1.9 billion (USD 1.4 billion). The increase comes from the sale of jackup rigs to rig company Borr Drilling and higher revenue from ongoing projects.
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