Keppel O&M to exit offshore rig building

Singapore’s Keppel Corporation today reported a SGD 506 million (about $381 million) net loss for FY 2020 after taking impairments of SGD 952 million (about US$761 million) mainly due to the offshore

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MAN Energy Solutions lowers job cut target

The executive board and employee representatives of MAN Energy Solutions have agreed on a joint paper outlining the key points of the restructuring of the company announced July 22. The new plan

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MAN Energy Solutions to make massive job cuts

Preparing for “a prolonged period of stagnant sales as a result of the COVID-19 pandemic,” the executive board of MAN Energy Solutions is launching what it calls a comprehensive program to ensure

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Royal IHC to be refinanced and have new ownership

Dutch shipbuilder Royal IHC, long a leader in dredge design and construction and other areas, is to be refinanced and come under new ownership. An outline agreement on the acquisition and refinancing

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Rolls-Royce eliminates a senior management layer

DECEMBER 16, 2015— Warren East, who became Chief Executive of Rolls-Royce in July, has started the restructuring that he promised in November, after completing a review of the company’s operations. As a