Seatrade Asia Online, 4 May 2009
Singapore: Keppel Corp., the world’s largest maker of oil rigs, received notice to cancel work on a S$181 million ($122 million) multipurpose offshore drilling vessel from the contracting oil group GSP Titan Ltd.
The cancellation was “due to the owner’s difficulties in securing project financing as a result of the current credit situation,” Keppel said late Friday in a statement to the Singapore stock exchange.
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