Damen to buy Keppel Verolme shipyard

Dutch offshore shipbuilder Damen has agreed to buy the Keppel Verolme shipyard from Singapore’s largest rig builder, Keppel Offshore & Marine.

Keppel said the proposed sale comes after a strategic review and as part of the company’s efforts to optimize its operations and rationalise its global network of yards.

“Keppel O&M continues to see opportunities in the offshore oil and gas market in Europe and the North Sea, and will service these markets through its network of yards in Singapore and globally,” Keppel said.

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