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NEWS

Keppel's shipping company won two new orders

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Keppel Shipyard's Keppel Shipyard and Keppel Verolme each received a contract worth 165 million yuan.
Keppel Shipyard's contract project, awarded by Petrobras Netherland , will build a floating production and storage vessel (FPSO) for each other, which is expected to be completed in the first quarter of 2011.
The Keppel Verolme contract was awarded by Saipem and will repair and modify the semi-submersible pipe for the other party, which is expected to be completed in the first quarter of next year. The two contracts are not expected to have any significant impact on the earnings per share and net tangible asset value of Keppel's current fiscal year.