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KPELY Keppel Corp Ltd (PK)

9.54
-0.125 (-1.29%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Keppel Corp Ltd (PK) USOTC:KPELY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.125 -1.29% 9.54 9.15 9.74 9.545 9.54 9.545 3,240 21:02:10

ABB Signs Contract With Keppel Offshore & Marine

21/10/2019 10:54am

Dow Jones News


Keppel (PK) (USOTC:KPELY)
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   By Kim Richters 
 

ABB Ltd. (ABBN.EB) said Monday that it has signed a contract with the offshore and marine division of Keppel Corp. (BN4.SG) to develop technology for autonomous vessel operations.

The Swiss engineering company said it will jointly work on autonomous vessels and specifically a tugboat--used to push or tow other vessels in harbor areas--with a technology arm of Keppel Offshore & Marine.

The project will be tested in the port of Singapore and is expected to kick off autonomous vessel operations there at the end of 2020, the company said.

"The intent of our technology is not to entirely remove the crew, but rather to relieve the crew from the tasks than can be automated and thus enable them to perform at their best during critical operations," said Juha Koskela, managing director of ABB Marine & Ports.

The company didn't comment on the financial details of the contract.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

October 21, 2019 05:39 ET (09:39 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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