Keppel completes sale of Rotterdam yard to Damen for $26.85m

Keppel completes sale of Rotterdam yard to Damen for $26.85m

Singapore’s Keppel Offshore & Marine has completed the sale of Keppel Verolme to Damen Shipyards Group, revealing a sale price of €23.5m ($26.85m)

Keppel Verolme is based in Rotterdam and its main services are dry docking, repair and maintenance, modifications, conversions and construction.

Keppel said the sale is part of its efforts to optimise operations, while Damen will continue activities at the yard with the existing employees numbering around 250.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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