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Seatrium Limited (S51.SI)
- Reuters SG
UPDATE 2-Singapore's Keppel profit rises on strong infra, connectivity performance
Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments. Including its legacy offshore and marine assets such as profit and loss effects from Seatrium shares, among others, Keppel's profit during the quarter fell, the company said in a statement. Keppel has been actively de-risking its investments through divestments of non-core assets such as Keppel Offshore & Marine.
- The Edge Singapore
Seatrium to pay US$108 million to vendor following arbitration ruling
Additional interest costs will be determined
- PR Newswire
Akastor ASA: Arbitration award received on the DRU contracts
MHWirth AS ("MHW") has received an arbitration award issued by a tribunal under the rules of the Singapore International Arbitration Centre (SIAC) in a dispute with Jurong Shipyard Pte Ltd ("Jurong") arising out of Jurong's termination of four Drilling Rig Unit ("DRU") contracts, whereby MHW has been awarded an amount of USD 101,359,024 as payment of termination fees ("Termination Fee"). In addition, MHW has been awarded reimbursement of legal costs and certain suspension costs (total about USD
