Keppel associate Floatel to review business plan after rival Prosafe books huge fleet impairment

المملكة العربية السعودية أخبار أخبار

Keppel associate Floatel to review business plan after rival Prosafe books huge fleet impairment
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

SINGAPORE (THE BUSINESS TIMES) - Keppel Corporation on Monday (June 1) said that associate company Floatel International will conduct an independent review of its business plan, which may include a review and update of the assumptions used in the impairment assessment of its vessels.. Read more at straitstimes.com.

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SINGAPORE - Keppel Corporation on Monday said that associate company Floatel International will conduct an independent review of its business plan, which may include a review and update of the assumptions used in the impairment assessment of its vessels.

Prosafe's assumptions were"significantly different" from Floatel's assumptions, which led to the company recognising an impairment of US$30.3 million to the book value of its vessels. In light of Prosafe's first-quarter results, Keppel requested Floatel to perform the independent review of the assumptions used in conducting its impairment assessment, with a focus on the reasonableness of market outlook assumptions and the parameters used in the valuation of its vessels.

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