Keppel Corporation terminated an agreement to manage and provide technical services to Baku Shipyard
Keppel Corporation terminated an agreement to manage and provide technical services to Baku Shipyard. Baku Shipyard LLC is a joint venture by Keppel Offshore & Marine (KOM), State Oil Company of Azerbaijan Republic (SOCAR), and Azerbaijan Investment Company (AIC) that was formed in 2013 to develop a shipbuilding and shiprepair facility in Baku, Azerbaijan. As part of the development, Baku Shipyard signed agreements (MSA and TSA) with KOM subsidiaries Caspian Offshore and KSM Management for the JV company’s management and technical services.
