Two Singapore companies, Keppel Corporation and Sembcorp Marine, have begun negotiations on a possible merger of shipyards Keppel O&M and Sembcorp Marine, informs Keppel in a press release.
The negotiations aim to establish a joint shipyard that will be better equipped to compete for larger orders than the two yards are able to today, and to utilize their experience in offshore oil and gas in the growing market for offshore renewable energy.
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