The much-anticipated merger of Singapore’s home-grown offshore giants Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine finally kicked-off last week.

The tie-up will create what is already being dubbed as a “global offshore powerhouse” by local analysts with a valuation of SGD 8.7bn ($6.3bn).

The new entity, which is yet to be named, will have an orderbook of more than 50 jobs worth SGD 6.4bn