QUOTE(prophetjul @ Jan 14 2016, 08:51 AM)
Their shipyard at least in SG are very low in work volume, especially on conversions. 2017 has 2 probables.......compared with 4/5years ago where they had in excess of 10/12 work orders at a time!
i happen to have a report.
They probably have some maintenance works which are low budget work items. These are not affected by O n G
They have some 6 yards around the world! Some are pretty new. So you can imagine the impact on these yards. They are the biggest converter of FPSOs in the world. With O n G down, the FPSO mkt is almost at a standstill.
Tq, prophet,...appreciated your infos. On the FPSO, the news that caught my eyes were the fact that their client, Petrobras is caught in some corruption scandal, and had to re-negotiate some payment terms. This, of course, hit KepCorp's books. Brazil is in a lot of problems, in-country as well as with her currency, the Real.
KepCorp will be having a webcast on Jan 21, Thursday next week, probably after office hours. Do watch for it for the latest news and updates.
Keppel DC REIT is announcing their results this evening, after trading hours.
Frasers Centrepoint Trust's AGM will also be held on the same day as KepCorp's webcast results ann't..