Singapore: Keppel Corp is keen to buy another yard in China to focus on offshore. The Singapore shipyard conglomerate already has a facility in Nantong. Keppel would invest in the mainland again so long as Beijing allows foreign firms to compete for offshore contracts, its ceo Choo Chiau Beng told Bloomberg Television in an interview this week.
“If China is willing to open up its market to foreign- invested yards, for example, then of course we would be interested,” Choo said. “Right now, if a Chinese state-owned company wants to build a rig, they go to one of their own yards. In Brazil,we’re given the same chance as everybody else.” [19/12/12]