For the second contract, Keppel Shipyard will carry out repair work for the life extension and conversion of an oil tanker, MTC Ledang, into an FPSO, for new customer MTC Engineering Sdn Bhd. Upon its completion in Q3, 2017, the FPSO will be deployed to the Ophir Field, offshore Peninsular Malaysia.
No love for this stock!! Mind you there was no love for RLE until recently either.
OXX Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held