Search results for: sembmarine

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  • 17 September 2012
    Business & Finance

    Sembcorp Marine through its wholly-owned subsidiary SMOE Pte Ltd (SMOE) has acquired from Smulders Group the entire share capital in its wholly-owned subsidiary of SLP Engineering Limited (SLP). SLP, based in Lowestoft Suffolk, United Kingdom (UK), will be renamed Sembmarine SLP Limited (Sembmarine SLP) and will be held through newly incorporated company Sembmarine North Sea […]

  • 5 June 2020
    Business & Finance, Business developments & projects

    A wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine has entered into a revolving facility agreement for up to $500 million with Standard Chartered Bank.

  • 5 November 2014
    Business & Finance, Exploration & Production

    Singapore’s Sembcorp Marine (Sembmarine) achieved a 2% year-on-year increase in net profit from $130 million to $132 million for the three months ended September 30, 2014 despite a challenging macro environment, the company said.  Group turnover for the third quarter of 2014 grew 3% year-on-year to $1.71 billion, which compares with $1.66 billion for the […]

  • 17 September 2012
    Business & Finance

    Sembcorp Marine through its wholly-owned subsidiary SMOE Pte Ltd (SMOE) has acquired from Smulders Group the entire share capital in its wholly-owned subsidiary of SLP Engineering Limited (SLP). SLP, based in Lowestoft Suffolk, United Kingdom (UK), will be renamed Sembmarine SLP Limited (Sembmarine SLP) and will be held through newly incorporated company Sembmarine North Sea […]

  • 1 June 2016
    Equipment

    The offshore substation jacket for the Dudgeon offshore wind farm has been installed at the site, offshore UK. The four-legged jacket was designed and built by Sembmarine SLP in Lowestoft . This is the first time suction bucket technology had been used on an offshore substation in UK waters, the company said. SPT Offshore performed the installation, […]

  • 25 March 2014
    Business & Finance

    The Lowestoft Conference will take place on 15 April 2014 at Rotterdam Road in Lowestoft. Sembmarine SLP Managing Director Paul Thomson has welcomed the Lowestoft Conference initiative, saying: “With over 350 employees, Sembmarine SLP is one of Lowestoft’s major employers and my colleagues and I are very pleased that we are going to have the […]

  • 25 March 2014
    Business & Finance

    Sembmarine SLP Managing Director Paul Thomson has welcomed the Lowestoft Conference initiative, saying: “With over 350 employees, Sembmarine SLP is one of Lowestoft’s major employers and my colleagues and I are very pleased that we are going to have the opportunity to discuss priorities for the town and its economy with local leaders. “The town’s […]

  • 17 September 2012

    Sembcorp Marine through its wholly-owned subsidiary SMOE Pte Ltd (SMOE) has acquired from Smulders Group the entire share capital in its wholly-owned subsidiary of SLP Engineering Limited (SLP). SLP, based in Lowestoft Suffolk, United Kingdom (UK), will be renamed Sembmarine SLP Limited (Sembmarine SLP) and will be held through newly incorporated company Sembmarine North Sea […]

  • 17 September 2012
    Business & Finance

    Sembcorp Marine through its wholly-owned subsidiary SMOE Pte Ltd (SMOE) has acquired from Smulders Group the entire share capital in its wholly-owned subsidiary of SLP Engineering Limited (SLP). SLP, based in Lowestoft Suffolk, United Kingdom (UK), will be renamed Sembmarine SLP Limited (Sembmarine SLP) and will be held through newly incorporated company Sembmarine North Sea […]

  • 28 July 2017

    Singapore’s offshore rig builder Sembcorp Marine sees signs of offshore market improvement, however it believes its will take longer for a more robust recovery. The company’s second quarter revenue fell to $655 million, a 28 percent dive compared to $908.5 million in 2Q 2016. Net profit fell to $5.6 million, down from 51 percent down […]

  • 17 September 2012
    Business & Finance

    Sembcorp Marine through its wholly-owned subsidiary SMOE Pte Ltd (SMOE) has acquired from Smulders Group the entire share capital in its wholly-owned subsidiary of SLP Engineering Limited (SLP). SLP, based in Lowestoft Suffolk, United Kingdom (UK), will be renamed Sembmarine SLP Limited (Sembmarine SLP) and will be held through newly incorporated company Sembmarine North Sea […]

  • 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 […]

  • 25 April 2016
    Business & Finance

    Sembmarine SLP hopes it will win a contract for the offshore substation for the East Anglia ONE offshore wind project.  At an event celebrating the completion and delivery of the offshore substation for the Dudgeon offshore wind farm, the company issued a rallying campaign call to the East of England energy industry. Paul Thomson, managing director […]

  • 25 April 2016
    Business & Finance

    Sembmarine SLP hopes it will win a contract for the offshore substation for the East Anglia ONE offshore wind project.  At an event celebrating the completion and delivery of the offshore substation for the Dudgeon offshore wind farm, the company issued a rallying campaign call to the East of England energy industry. Paul Thomson, managing director […]

  • 29 August 2016

    Singapore’s offshore rig builder Sembcorp Marine, also known as Sembmarine, has completed the acquisition of the remaining 15% equity stake in PPL Shipyard (PPLS). As reported last Wednesday, Sembmarine had reached a deal with PPL Holdings Pte Ltd (PPLH) and E-Interface Holdings Limited (EIHL) to acquire the remaining 15% in the shipyard for $115 million. Sembcorp […]

  • 15 November 2016
    Exploration & Production

    Singapore’s rig builder Sembcorp Marine is set to sell its 30 percent equity interest in China’s Cosco Shipyard Group. SembMarine as the company is also known, will sell its stake in Cosco Shipyard Group for $220.68 million to China Ocean Shipping (COSCO). Cosco Shipyard Group is a ship repair, conversion and shipbuilding group which owns […]

  • 1 June 2016
    Storage, Technology

    A 1,500-tonne steel jacket which will support an offshore substation at the 402MW Dudgeon offshore wind farm has been installed in the seabed some 32 kilometres off Cromer, Norfolk.  The jacket structure, built by Sembmarine SLP Ltd, was sunk into the seabed using suction bucket technology for the first time on an offshore substation in the UK. Four suction buckets, […]

  • 18 June 2014
    Business & Finance, Research & Development

    Sembmarine SLP Limited has signed an Memorandum of Understanding (MOU) with the China Shipbuilding Corporation, Zhengzhou Institute of Mechanical and Electrical Engineering, with a view to cooperate and promote products and services for use in offshore construction projects, specifically in regard to consultation on Wind Farm Electrical Substations, and Offshore Accommodation platform design. Nine members […]

  • 25 October 2016
    Business & Finance

    Singapore’s offshore rig builder Sembcorp Marine, also known as SembMarine, went from black to red during the third quarter of 2016 and reduced its workforce by 8,000.  The company on Tuesday posted a net loss of S$21.8 million for the third quarter of 2016, compared to a profit of S$32.1 million in 3Q 2015. SembMarine explained that this […]

  • 27 January 2014

    Offshore engineering, construction and support services specialist Sembmarine SLP has established new facilities in Lowestoft and Aberdeen. Offshore Services has wide ranging service capabilities and typically becomes involved at the very early stages of a contract award, identifying the scope of works, building the high level plan and generating the construct/deconstruct work packs. In Aberdeen […]

  • 26 August 2016

    Singapore’s offshore rig builder Sembcorp Marine Ltd has completed the acquisition of Norway’s LMG Marin AS for $20 million. Sembmarine said on Friday that LMG has now become an indirect wholly-owned subsidiary of the company. Offshore Energy Today reported on Sembmarine’s plans to acquire the Bergen-based ship design and engineering company in an article published on Monday, […]

  • 27 April 2015
    Business & Finance

    Sembmarine SLP has awarded a contract to Manchester-based Granada Material Handling Ltd (GMH) to manufacture, deliver and commission two davit crane units for Siemens’ Transmission and Distribution Platform at the Dudgeon offshore wind farm. Each of the Granada ‘Python’ crane units have been specifically designed for the Dudgeon offshore wind farm and the challenging marine environment […]