Offshore & Marine
Keppel Offshore & Marine (Keppel O&M) delivered the Floating Production Storage and Offloading vessel (FPSO) P‑66 to Tupi BV and the FPSO John Agyekum Kufuor to a subsidiary of Yinson.
Keppel Land announced the divestment of its 80% interest in a prime site in Surabaya’s central business district (CBD). Keppel Land also increased its stake in Saigon Centre in Ho Chi Minh City, Vietnam.
Keppel Land signed a Memorandum of Understanding with Vietnam’s State Capital Investment Corporation to collaborate on investment opportunities in Vietnam.
Keppel Infrastructure signed a 25‑year Water Purchase Agreement with PUB, Singapore's national water agency, for the Keppel Marina East Desalination Plant.
Sino‑Singapore Tianjin Eco‑City sold three land parcels at record prices for a total of about RMB 5 billion.
Offshore & Marine
Reorganised operations into the New Builds and Conversions & Repairs divisions.
Keppel FELS completed the novation of contracts for five jackup rigs under construction for Transocean to Borr Drilling for US$1.1 billion, including a down payment of US$275 million.
Keppel O&M secured contracts worth a total of over $300 million, to build two Liquefied Natural Gas (LNG) carrier vessels, two Trailing Suction Hopper Dredgers, and to undertake the conversion/repair/modification of four vessels, as well as provide technology and support services for the construction of a Tension Leg Wellhead Platform.
Keppel O&M delivered Heydar Aliyev, the first modern semisubmersible to be almost completely built in Azerbaijan.
Keppel Land acquired an additional stake in the Junction City mixed‑use development in Yangon, Myanmar, for about US$49 million.
Keppel Land China and Alpha Investment Partners (Alpha), together with Allianz Real Estate, acquired a mixed‑use development, Trinity Tower (formerly known as SOHO Hongkou) in China, for approximately US$525 million.
Keppel Infrastructure signed an agreement with the Singapore Economic Development Board to develop, own and operate a state‑of‑the‑art gasification facility on Jurong Island, Singapore. The final investment decision will be taken at a later date.
Keppel REIT announced the acquisition of a 50% stake in a premium office tower in Melbourne from Australia Postal Corporation.
Keppel Corporation clinched Bronze Award at the 12th Singapore Corporate Awards in the Best Annual Report Category.
At the 18th Securities Investors Association (Singapore) Investors’ Choice Awards, Keppel Corporation won the inaugural Sustainability Award and was named runner‑up in the large‑cap category for the Singapore Corporate Governance Award.
Keppel Corporation ranked fifth in the general category of the Singapore Governance and Transparency Index 2017, and was listed as an index component of the Dow Jones Sustainability Indices Asia Pacific Index for the fifth consecutive year.
Offshore & Marine
Keppel O&M entered into a Heads of Agreement with Pavilion Energy and PLN to explore opportunities in the development of small‑scale LNG solutions for West Indonesia.
Keppel AmFELS secured a contract worth more than US$400 million from Pasha Hawaii for the construction of two dual‑fuel LNG containerships, to be built to Keppel’s proprietary design.
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum, achieved the first commercial LNG bunker transfer in Singapore.
Keppel O&M delivered four non‑drilling projects namely three FPSOs to MTC Engineering, MODEC and BW Offshore, and a subsea construction vessel to the Shah Deniz consortium.
Keppel Land and Wing Tai Land jointly won the tender for a prime residential site in Serangoon North Avenue 1.
Keppel Land entered into a conditional sales and purchase agreement with Bank Central Asia to acquire a prime residential site in Jakarta’s CBD.
Keppel Land announced the divestment of its 100% stake in Waterfront Residences, Nantong, China for a net gain of about $79 million.
Keppel Seghers secured two contracts worth over $20 million to provide waste‑to‑energy technology and services for two projects in Beijing and Hunan, China.
The Alpha Data Centre Fund (Alpha DC Fund) acquired a 70% stake in Keppel DC Singapore 4.
Keppel DC REIT acquired Keppel DC Dublin 2 (formerly known as B10 Data Centre) in Dublin, Ireland, for approximately $101.3 million.
Offshore & Marine
Keppel O&M secured an FPSO conversion contract from SBM Offshore, as well as projects worth approximately $130 million from repeat customers Petrobras and SOFEC.
Keppel Singmarine delivered the multi‑purpose ice‑class vessel, MPV Everest, to Maritime Construction Services.
Keppel Shipyard delivered the world’s first converted Floating Liquefaction Vessel, Hilli Episeyo, to Golar LNG.
Keppel O&M reached a global resolution with criminal authorities in the US, Brazil and Singapore, bringing closure to the corruption investigations in Brazil.
Keppel Land announced the proposed divestment of its stake in mixed‑use development Keppel Cove, Zhongshan City, China, as well as a 20.5‑hectare site in West Bali’s Tanah Lot district in Indonesia.
Keppel Land announced the acquisition of five prime residential sites in China, Vietnam and Thailand.
Keppel Seghers and Zhen Hua Engineering jointly secured a contract to design, build and operate an Integrated Waste Management Facility (IWMF) off the coast of Shek Kwu Chau, Hong Kong.
Keppel Logistics launched UrbanFox, an omnichannel logistics and channel management solutions brand.
The Alpha DC Fund closed at US$1 billion, double its initial target size, after a commitment from the Canada Pension Plan Investment Board to allocate an initial US$350 million, with an option to invest a further US$150 million.
Keppel‑KBS US REIT was listed on the Main Board of the Singapore Exchange, raising gross proceeds of about US$553 million.
Keppel Corporation announced the establishment of a new business unit, Keppel Urban Solutions, which aims to be an end‑to‑end integrated master developer of smart, sustainable precincts in Asia.
We harness synergies across our businesses to seize new opportunities and create enduring value.
Over the last 10 years, the Sino‑Singapore Tianjin Eco‑City has made steady progress in realising its vision of being a model for sustainable urbanisation. Today, more than 80,000 people live and work in the Eco‑City.
Keppel Land China, Alpha and Allianz Real Estate partnered to a mixed‑use development in Shanghai's Hongkou District.
The Heads of Agreement signed between Keppel O&M, Pavilion Energy and PLN will pave the way for the development of small‑scale LNG infrastructure serving West Indonesia.
Keppel Urban Solutions will collaborate with Keppel Land to develop Saigon Sports City into a bustling hub in Ho Chi Minh City.
The IWMF, a landmark project to be jointly developed by Keppel Seghers and Zhen Hua Engineering, will play a key role in Hong Kong’s waste management strategy.