I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Wednesday 2 July 2014

Two Keppel O&M units win contracts worth $368m



CW8888: Order book has been slow in 2014 as it took longer time to sign contract agreement. This may be sign of very tough competition facing Kep Corp.







Orders are for FPSO conversion, subsea construction vessel
 
By Malminderjit Singh

KEPPEL Offshore & Marine (Keppel O&M) announced yesterday that its wholly owned subsidiaries, Keppel Shipyard and Keppel Singmarine, have secured contracts worth a total of $368 million.

Keppel Shipyard won a deal for the conversion of a floating production storage and offloading (FPSO) vessel for Armada Kraken, a wholly owned subsidiary of Malaysia's Bumi Armada.
The new FPSO, which is scheduled for delivery in the third quarter of 2015, will be a harsh-environment unit that is designed for operations in the North Sea under a stringent regulatory regime.

Keppel Shipyard's work scope for this FPSO project includes refurbishment and life extension works, upgrading of living quarters to accommodate 90 staff, installation of an internal turret mooring system as well as the installation and integration of topside process modules.

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