Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Keppel eyes controlling stake in Brazilian shipyard

Singapore: Keppel Corp is reported to be in negotiations with Brazilian construction group WTorre that will boost its offshore portfolio for FPSO and rig construction through the purchase of a 70% stake in a Greenfield shipyard project located at Rio Grande.

'We are conducting a feasibility study. No decision has been made,' a Keppel spokesperson told local media. Newswire Dow Jones, has quoted a WTorre spokesperson as saying, 'We're in advanced - but not conclusive - talks with Keppel.

The move, if approved, will add a third base for Keppel in the country, supplementing facilities in Angra and Niteroi, and is likely to see the company increase its relations with Brazilian energy giant Petrobras.  [29/06/09]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish