Stock News: Keppel Corp won 260 mln sgd contracts!

Keppel Corp may be in focus after its unit Keppel Singmarine Ltd won 260 mln sgd worth of contracts to build two highly specialised vessels for LukOil-Kaliningradmorneft, a subsidiary of Russian oil giant OAO LukOil. Keppel will construct an auxiliary icebreaker vessel and a multipurpose ice-breaking supply vessel scheduled to be delivered between end-2007 and mid-2008. Unit Keppel Offshore and Marine has also signed an agreement with LukOil for further cooperation in potential newbuilding of offshore rigs, special purpose offshore facilities and vessels to service LukOil's offshore oil terminal vessels at Keppel O&M shipyards around the world. Keppel Corp closed down 0.20 sgd at 14.50 yesterday.