Singapore's Keppel to scrap 140m euro contract
MPU Offshore Lift ASA, the firm that contracted the project, filed for bankruptcy in July 2008. -Reuters
Wed, Dec 17, 2008
Reuters
SINGAPORE, Dec 16 - Singapore's Keppel Corp said on Tuesday it has decided to terminate a project to build a floating heavy lifter worth 140 million euros (S$278.52 million).
The Singapore firm said it had ceased work on the lifter after MPU Offshore Lift ASA, the firm that contracted the project, filed for bankruptcy in July 2008.