Keppel Joint Venture Results In Australia Yard Opening

In a joint venture between the Keppel Group of Singapore and the Maritime Engineering Group of Australia, the Keppel Cairncross Shipyard Ltd. (Keppel Cairncross) recently opened in Brisbane, Queensland. The yard was leased last year from the Port of Brisbane Authority, and became fully operational earlier this year, after an investment of nearly $20 million that went towards a nine-month refurbishment and upgrade program. Mr. Wayne Goss, Premier of Queensland, and Mr. Goh Chee Wee, Minister of State for Trade and Industry of the Republic of Singapore, were present at the shipyard's opening. Keppel Cairncross is capable of providing round-the-clock integrated ship repair services for a complete range of vessels. The yard's drydock is reportedly the largest in the Southern Hemisphere, and can take in Panamax-sized vessels of up to 85,000 dwt. To date, the yard has repaired more than 30 vessels, most of which are Australian-registered. The Keppel Group is an industrial conglomerate based in Singapore, with core businesses in ship repair, shipbuilding, rig building, transportation, engineering, and telecommunications.

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