Search results for: Sembcorp Marine

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  • 30 June 2015
    Business & Finance

    Sembcorp Marine has reorganized its business as part of an ongoing ‘Transformation for Growth’ strategy. Starting tomorrow, July 1, 2015, Sembcorp Marine will be one brand focusing on four key capabilities, namely, Rigs & Floaters; Repairs & Upgrades; Offshore Platforms; and Specialized Shipbuilding. The company also announced several senior operations and commercial appointments. These are: Ong Poh […]

  • 21 June 2019
    Business & Finance

    Sembcorp Industries is providing Singapore’s offshore rig builder Sembcorp Marine with a five-year subordinated loan facility of S$2 billion ($1.5 billion), which will strengthen Sembcorp Marine’s financial position amidst the current downturn in the global offshore and marine industry.

  • 26 July 2013

    Reference is made to Sembcorp Marine’s announcement dated 29 June 2012 relating to an appeal filed by the Company to the Court of Appeal pertaining to the High Court’s decision on the Company’s claims against PPL Holdings in Suit 351/2010/H. The Court of Appeal has today released its decision in favour of Sembcorp Marine. In […]

  • 22 August 2016
    Project & Tenders

    Sembcorp Marine’s unit Sembcorp Marine Integrated Yard (SMIY) on Friday informed it has decided to acquire 100 percent equity stake in LMG Marin of Norway for US$20 million.

  • 9 March 2016
    Project & Tenders

    Singapore’s Sembcorp Marine said on Wednesday it has acquired additional 44 percent equity stake in the Norwegian floating LNG specialist Gravifloat.

  • 24 June 2019
    Business & Finance

    The loan would be used to retire around SGD 1.5 billion of borrowings, and other purposes.

  • 21 October 2016

    Sembcorp Marine’s subsidiary, Sembcorp Marine Offshore Platforms, has entered into a sale and purchase agreement with its existing minority shareholders to acquire the remaining 30% equity stake in Sembmarine North Sea Limited (SNS).  Singapore’s Sembcorp Marine said on Friday that the consideration of GBP 137,500 ($167,500) will be fully paid for in cash by internal […]

  • 20 July 2018
    Business & Finance

    Singapore’s rig builder Sembcorp Marine posted a loss for the second quarter of 2018 despite recording a significant increase in revenues during the period.  The company on Friday posted a net loss of $55.6 million for the second quarter of the year compared to a profit of $5.1 million in the same period a year […]

  • 19 September 2018

    Sembcorp Marine, American Bureau of Shipping and A*STAR’s Institute of High Performance Computing (IHPC) are teaming up to advance the adoption of LNG as fuel.

  • 26 April 2018
    Project & Tenders

    French LNG containment system maker GTT has signed a technical assistance and license agreement with Singapore-based Sembcorp Marine. The deal is for the design and construction of Sembcorp Marine’s Gravifloat, FSRU and mid-scale LNG carrier products, using GTT membrane solutions. Sembcorp Marine received its approval after completing a qualification process which started in 2017, including […]

  • 2 April 2014
    Business & Finance

    The Board of Directors of Sembcorp Marine today announced the following changes to the Board with effect from 22 April 2014. Retirement of Mr Goh Geok Ling as Chairman and Director of the Board Mr Goh Geok Ling will step down and retire as non-executive Chairman and Director of Sembcorp Marine at the Annual General […]

  • 6 February 2020
    Exploration & Production

    Sete Brasil and Sembcorp Marine have fulfilled all conditions precedent for a settlement regarding contracts for the construction of seven drillships to become effective and Sembcorp Marine is now in talks with a buyer for the completion of two drillships. 

  • 17 December 2018
    Business & Finance

    Sembcorp Marine is tapping into the potential of Asia’s rising demand for cruise ship repair and upgrade solutions.

  • 23 February 2018
    Exploration & Production

    Singapore’s rig builder Sembcorp Marine has warned it might take some time for offshore rig orders to recover, despite the increase in the global exploration and production (E&P) capex, boosted by higher oil prices.

  • 29 July 2015

    Singapore’s Sembcorp Marine (Sembmarine) has achieved a net profit of $215 million for the six months ended June 30, 2015, a decline of 15% compared with 1H 2014 as industry conditions continued to be weak on low oil prices and the sharp fall in global oil & gas capex spend. According to Sembmarine’s report, Group […]

  • 21 February 2018

    Singapore-based Sembcorp Marine said its liquefied natural gas (LNG) carrier repair business remained ‘top of the list’.

  • 25 May 2016
    Business & Finance

    Singapore-based global marine and offshore engineering company Sembcorp Marine Ltd said it would rigorously defend itself in Petrobras fraud case if it is called to court. The announcement was issued as a response to media reports saying that Sembcorp Marine Ltd and its subsidiary Jurong Shipyard Pte Ltd have been named as defendants along with other shipyards […]

  • 20 February 2020
    Business & Finance

    Singapore’s offshore rig builder Sembcorp Marine posted a bigger loss for 2019 when compared to 2018. Quarterly, the company went from black to the red as its revenues dropped by 32% amid low activity levels. 

  • 2 April 2014

    Goh Geok Ling will step down and retire as non-executive Chairman and Director of Singapore’s rig offshore builder Sembcorp Marine at the Annual General Meeting on 22 April 2014. Appointed Chairman and Director since 14 February 2006, Goh is also the Chairman of the Executive Committee and Executive Resource & Compensation Committee and a member […]

  • 19 September 2018

    Sembcorp Marine, ABS and A*STAR’s Institute of High-Performance Computing (IHPC) are partnering up to develop new technologies, applications, and capabilities in the offshore, marine, and energy sectors aiming that will promote the adoption of LNG as a globally preferred fuel.

  • 26 August 2016

    Sembcorp Marine on Friday said it’s unit Sembcorp Marine Integrated Yard (SMIY) completed the acquisition of 100 percent equity stake in LMG Marin of Norway.

  • 7 December 2017

    Following a recent letter of intent, Singapore’s Sembcorp Marine has officially secured the contract to build the hull for Statoil’s Johan Castberg FPSO. Statoil and Sembcorp Marine signed the letter of intent back in November. Statoil has earlier this week filed the plan for the Johan Castberg field development to the Norwegian authorities, after which […]