Marine and Shipbuilding Monthly Journal
Seoul Ra-11997(ISSN: 2005-3061)



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    Sembcorp Marine wins 2016 Outstanding Health, Safety, Security & Environment Performance Award from Shell [Nov 2016] This “Best of the Best” award from Shell recognises Sembcorp Marine’s Admiralty Yard for its excellent performance in HSSE practices while supporting Shell’s shipping and maritime activities in the 2015-2016 period.
    Sembcorp Marine and ENGIE sign an MOU to develop Gravifloat, an innovative LNG-to-Power near-shore terminal solution [Oct 2016] Sembcorp Marine Rigs & Floaters Pte. Ltd., and Paris-based ENGIE have entered into a Memorandum of Understanding (MOU) to cooperate in the development and deployment of Sembcorp Marine’s proprietary Gravifloat technology for LNG-to-Power near-shore terminals,
    Sembcorp Marine, Results for 3Q and 9M 2016: Nine months 2016 net profit of $44.5 million [Oct 2016] Sembcorp Marine recorded total group revenue of $2.71 billion for the nine months ended Sep 30, 2016 (9M 2016). This compares with $3.64 billion in group revenue posted in 9M 2015. The Rigs & Floaters segment posted revenue of $1.39 billion for the 9M 2016, a 44% year-on-year decline from the $2.46 billion booked in
    Sembcorp Marine Acquires LMG Marin AS [Aug 2016] Sembcorp Marine Ltd (the “Company”) is pleased to announce that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard Pte. Ltd. (“SMIY”), has entered into a sale and purchase agreement with its existing shareholders to acquire a 100% equity stake in LMG Marin AS (“LMG”) for US$20 million (the “Acquisition”).
    Sembcorp, Results for 1H 2016: First Half 2016 Net Profit of $66 Million [Jul 2016] Sembcorp Marine posted group revenue of $1.8 billion for the six months ended June 30, 2016 (1H 2016). This compares with $2.5 billion in group revenue achieved in 1H 2015. Turnover for Rigs & Floaters was $956 million for 1H 2016, a 45% year-on-year decline from the $1.7 billion booked in the previous corresponding period.
    Sembcorp Marine delivers Noble Lloyd Noble, the world’s largest jack-up rig, to Noble Corporatione [Jul 2016] Sembcorp Marine, a global leader in offshore and marine engineering solutions, has delivered the world’s largest jack-up rig to Noble Corporation. Noble Lloyd Noble, the seventh ultra high-specification harsh environment jack-up rig successfully completed for Noble Corporation,
    Sembcorp Marine delivers jack-up rig Maersk Highlander [May 2016] Sembcorp Marine, a global leader in offshore and marine engineering solutions, has delivered the high-specification jack-up rig Maersk Highlander (formerly known as Hercules Highlander) to Maersk Highlander UK Ltd. The Maersk Highlander is constructed based on the Friede & Goldman JU 2000E design and is fully compliant with UK HSE standards.
    Sembcorp Marine’s Brazil Subsidiary Estaleiro Jurong Aracruz Completes First Vessel Repair Project [May 2016] Singapore-based Sembcorp Marine’s wholly-owned Brazilian subsidiary Estaleiro Jurong Aracruz (EJA) has completed the yard’s first ship repair project. Olympic Gemini, a 82,992 dwt bulk carrier managed by Athens-based Springfield Shipping Co, left EJA on 12 May after a week of repairs to cargo hatch covers and
    Sembcorp Marine acquires an additional 44% stake in Gravifloat AS [Feb 2016] Sembcorp Marine Ltd (“Sembcorp Marine” or the “Company”) is pleased to announce that it has acquired an additional 44% equity stake in Gravifloat AS (“Gravifloat”) for US$38 million (the “Acquisition”). This will bring the Company’s stake in Gravifloat to 56%. Under the agreement, the Company will eventually increase its stake by
    FY2015 net profit of $384 million, before impairment, provisions, and share of losses of associates and joint ventures [Feb 2016] Sembcorp Marine posted group revenue of $4.97 billion for the year ended December 31, 2015 (FY2015) compared with $5.83 billion previously. Turnover for Rigs & Floaters was $3.3 billion for the year to December 2015, a 21% decline from the $4.2 billion booked in the previous year.
    DELIVERY OF SAFE ZEPHYRUS TO PROSAFE [Jan 2016] Sembcorp Marine (SCM) is pleased to announce the delivery of the accommodation semi-submersible vessel Safe Zephyrus to its customer Prosafe in January 2016. Safe Zephyrus is the second offshore accommodation semi-submersible vessel that Sembcorp Marine has built for Prosafe. The first vessel, Safe Boreas, delivered to Prosafe on January 2015,
    ...................................................................................................................[Press releases 2015]
    Sembcorp Marine Rewrites Record for Highest Number of LNG Ship Repairs and Upgrades [Dec 2015] Sembcorp Marine Rewrites Record for Highest Number of LNG Ship Repairs and Upgrades Company has 34 LNG vessel repair and upgrade projects in 2015, achieves highest number in the global market for fourth consecutive year. Sembcorp Marine, a global leader in LNG ship repair and
    Sembcorp Marine Secures Contract to Design and Build aNew Floating Storage and Offloading(FSO) Vessel for Modec [Oct 2015] Sembcorp Marine(SCM) is pleased to announce that its wholly owned subsidiary Sembcorp Marine Rigs and Floaters Pte Ltd has secured a contract to design and build a new floating, storage and offloading (FSO) vessel for MODEC Offshore Production Systems
    Sembcorp Marine Completes Upgrading of Pacific Eden and Pacific Aria for P&O Cruises (Australia) [Nov 2015] Sembcorp Marine, a global leader in cruise ship repair, refurbishment and conversion work, has successfully upgraded the Pacific Eden (formerly Statendam) and the Pacific Aria (formerly Ryndam) at its Admiralty Yard. The concurrent drydocking of these two cruise vessels
    Sembcorp Marine Opens State-of-the-Art Steel Structure Fabrication Workshop [Nov 2015] Sembcorp Marine launched its new state-of-the-art steel structure fabrication workshop - the largest of its kind in Southeast Asia - which is set to boost the company’s steel fabrication capacity for its future needs. Officially opened by Economic Development Board Chairman Dr Beh Swan Gin today,
    Sembcorp Marine Posts 1H 2015 Net Profit of $215 Million [Jul 2015] Sembcorp Marine achieved a net profit of $215 million for the six months ended 30 June 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. Group turnover for six months ended 30 June 2015 decreased 6% year-on-year to $2.51 billion,
    Sembcorp Marine, First Quarter 2015 Net Profit at $106 Million [Apr 2015] Group turnover for three months ended March 31, 2015 declined 2% year-on-year to $1.30 billion, which compares with $1.34 billion for the corresponding period in 2014. The decline in revenue was due mainly to decline in rig building and repair revenue recognised during the first quarter compared with last year.
    Sembcorp Marine Wins Offshore & Marine Engineering Award at MPA Singapore International Maritime Awards 2015 [Apr 2015] Sembcorp Marine is proud to be the winner of the prestigious Offshore & Marine Engineering Award at the biennial Singapore International Maritime Awards 2015 organised by the Maritime and Port Authority of Singapore (MPA) held yesterday on April 21, 2015 at The Ritz-Carlton Hotel.
    Sembcorp Marine, FY 2014 NET PROFIT INCREASED TO $560 MILLION [Feb 2015] Sembcorp Marine achieved a 1% year-on-year increase in net profit from $556 million to $560 million for the year ended December 31 2014, despite challenging market conditions. Group turnover for the year FY2014 grew 6% year-on-year to $5.8 billion, which compares with $5.5 billion for the corresponding period in 2013.
    ......................................................................................................[Previous press releases 2014]
    Sembmarine 3Q 2014 Net Profit Increased 2% to $132Million; 9M 2014 Net Profit Grew 3% to $386 Million [Nov 2014] Sembcorp Marine achieved a 2% year-on-year increase in net profit from $130 million to $132 million for the three months ended September 30th 2014 despite a challenging macro environment. Group turnover for the third quarter of 2014 grew 3% year-on-year to $1.71 billion,
    Sembcorp Marine's Jurong Shipyard Signs Sale and Purchase Agreement with SSP Offshore [Sep 2014] Sembcorp Marine’s wholly-owned subsidiary Jurong Shipyard Pte Ltd has signed a sales and purchase agreement with SSP Offshore to acquire substantially all its business assets for US$21 million. SSP Offshore is a Houston-based company that specialises in the design, engineering
    Sembcorp Marine to Set Up State-of-the-art, HighlyAutomated Steel Fabrication Facility at its Sembmarine Integrated Yard @ Tuas [Sep 2014] Sembcorp Marine wishes to announce that the Group will invest in a multi-functional steel fabrication facility which will significantly enhance automation and productivity at its offshore rig building, conversion and production and ship-repair businesses.
    Sembcorp Marine's Sembawang Shipyard Secures FavouredCustomer Contract with GasLog LNG Services Ltd, Greece [Jun 2014] Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a long-term Favoured Customer Contract (FCC) from GasLog LNG Services Ltd., to provide ship-repair, refurbishment, upgrading and related marine services for its managed fleet
    SEMBCORP MARINE ACQUIRES STAKE IN GRAVIFLOAT AS [Jun 2014] Sembcorp Marine has entered into an agreement to acquire a 12% stake in GraviFloat AS for US$4 million, with a right to increase its stake up to 20% by further equity injection. GraviFloat was formed to design, deliver and operate re-deployable, gravity-based, modularised LNG and LPG Terminals for installation in shallow waters.
    FY2013 Results - Sembcorp Marine Performs Well AmidChallenging Operating Environment in 2013 [Feb 2014] Sembcorp Marine recorded a full year net profit of $556 million amid a challleenging operating environment in 2013. EEarnings per share for the Group were 26.6 cceents while Return on Equity was 22%. Group net profit at $5566 million in 2013 was 3% higher as coommpared with $538 million a year ago.
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