Keppel's shipyard business reverses loss-making trend

With a swelling orderbook, Keppel Corporation's Singapore-based shipyard business turned a profit in the first nine months of the year, the group reports. Cost-cutting has driven down overheads.

Photo: PR / Keppel

Keppel Corporation appears to have halted the decline in the group's shipbuilding business, Keppel Offshore & Marine.

According to Keppel's financial press release, Offshore & Marine turned a profit in the first nine months of the year unlike the same period last year, which resulted in a loss. Keppel doesn't report the figures or size of the profits.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs