The Singaporean giant revealed yesterday that it has takenon a 30-year contract to operate Titan Quanzhou Shipyard (TQS).

Under the deal Keppel will build rigs and carry out ship repairjobs and FPSO conversions at the facility in Fujian province.

Keppel has been granted convertible bonds giving it theoption to buy a 9.9% stake in Titan Petrochemical, the Hong Kong-listed companyrevealed today.

The