DAMEN TO BUY KEPPEL VEROLME SHIPYARD

Keppel Offshore & Marine (Keppel O&M), has entered into a term sheet agreement with Damen Shipyards Group for the sale of its shipyard, Keppel Verolme. The proposed sale comes after a strategic review by Keppel O&M and is part of the company’s efforts to optimise its operations and rationalise its global network of yards. Keppel O&M continues to see opportunities in the offshore oil and gas market in Europe and the North Sea, and will service these markets through its network of yards in Singapore and globally.
Keppel Verolme is situated in Rotterdam, the Netherlands, and has about 250 employees. Damen intends to continue activities in the shipyard with the current employees of the yard.
The site was started in 1957 by Cornelis Verolme. It was the first newly built wharf in the port of Rotterdam for the construction of large vessels, including supertankers. Since 1981, under the name Verolme Botlek BV, the emphasis was on repair and maintenance of offshore structures. In 2002 Verolme Botlek was acquired by Keppel Corporation from Singapore and named Keppel Verolme. (Source: Keppel O&M)