Keppel Shipyard pulls out of Azerbaijan yard JV

Seatrade Maritime News. 10 August. 8 minute read.
Keppel has terminated the management and operating contracts with the joint venture yard in Azerbaijan, while Keppel Offshore & Marine (KOM) would retain an 8.5% stake in the joint venture. The pull out followed the successful development, start-up and the initial operational phases of Baku Shipyard, considering the updated operational requirements based on current business conditions.
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