Sold CDL @ 12.3 Bought @ 12.o ROC 1.8% in 20 days. Bought SCI @ 3.74 and KEP @ 17.8 expecting market rebound.
Good news on Kep Corp so it will RUN liao!!!!
Keppel breaks into decommissioning market with EUR140 million contract to build the world’s first concrete heavy lifter
Keppel Offshore & Marine Limited (Keppel O&M) through its wholly owned subsidiary in The Netherlands, Keppel Verolme BV has secured a EUR140 million contract to build a floating heavy lifter for the decommissioning of offshore structures. The contract caters for additional work on the vessel, which if awarded, may potentially increase the contract value by another EUR24 million. This innovative first-in-the-world heavy lifter of its class was awarded by MPU Offshore Lift ASA (MPU), a subsidiary of the Norwegian design and development company MPU Enterprise AS. This semisubmersible platform is expected to be completed by early 2009.
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