Singapore’s prolific builders of rigs and converters of floating production, storage and offloading (FPSO) units and floating storage and regasification units (FSRUs) have been hard hit by the offshore downturn.
So, today the talk is all about right-sizing, because revenue and profits have plummeted.
For its 2016 financial year, Keppel Corp reported a full-year net profit of SGD 784m ($561m) versus the SGD 1.5bn
