in International Shipping News 18/12/2020 ABS, Sembcorp Marine and A*STAR’s Institute of High Performance Computing (IHPC) have successfully completed joint development projects in … Shipyards. * The company has amended its construction contracts with Sembcorp Marine's subsidiary, Jurong Shipyard, to delay the delivery of its two newbuild, ultra-deepwater drillships by 24 months. Sembmarine News SembMarine's Former Consultant in Brazil Gets 19 Years in Prison. News from Sembcorp Marine : SMOE acquires UK oil and gas market supplier, SLP Engineering : Sembcorp Marine’s SMOE has acquired from Smulders Group its wholly-owned subsidiary, SLP Engineering Limited (SLP). Sembcorp Marine provides innovative engineering solutions to the global offshore, marine and energy industries. The proprietary Jurong Espadon 3T designed rigs are now scheduled to be delivered during the first and third quarter of 2020. The facility will be installed at a water depth of some 90 meters in UK sector of the Central North Sea. 20 July 2020 Monday 13:05. Sembmarine’s financials are likely to deteriorate further given that it has not won new orders this year, according to UOB KayHian. Published 13 May 2020 2:06 GMT. Sembcorp Marine is a leading global marine and offshore engineering group, specialising in a full spectrum of integrated solutions in ship repair, shipbuilding, ship conversion, rig building and offshore engineering & construction. The Libra oil field is a large, ultra-deepwater (up to 2,500metres) oil prospect located in the Santos Basin, about 230 kilometres off the coast of Rio de Janeiro, Brazil, north of Tupi, Transocean Ltd. inform that a subsidiary company has awarded contracts to Sembcorp Marine's subsidiary, Jurong Shipyard, in Singapore for construction of two newbuild dynamically positioned ultra-deepwater drillships with contract options for up to three more. Singapore's offshore industry recovering, but no return to glory days By Reuters - Jul 29, 2018 1 SMOE will provide engineering, procurement, construction and onshore pre-commissio, extension in the U.K. sector of the North Sea at a dayrate of $190,000 ($17 million estimated backlog). Sembcorp Marine Interim Business Update for First Quarter 2020 Singapore, May 13, 2020: Sembcorp Marine has today issued its interim Business Update for the first quarter of 2020.. Introduction. The combined capital cost is estimated at approximately US$1.24 billion including the shipyard contracts; project management; owner-furnished equipment; inventory and capital spares; but excluding, (Reuters) Singapore's Sembcorp Marine Ltd, one of the largest offshore drilling rig producers in the world, said its net profit in the fourth quarter rose 9.2 percent as higher operating profit offset lower contributions from associates and joint ventures. Sembcorp Marine ’s financials will likely deteriorate further in the next 2-4 quarters as it has not won any new orders in 2020. Singapore Hub and Supporting Yards (Indonesia), Leveraging a Resource Recovery Opportunity, Sembcorp Marine President & CEO appointed Co-chair of International Advisory Panel on Maritime Decarbonisation, Sembcorp Marine wins Sustainability Award at Seatrade Maritime Awards Asia, Boosting innovation in Digital Design and Advanced Manufacturing: Sembcorp Marine and A*STAR deepen R&D collaboration, Sembcorp Marine SchoolBAG 2019 awards S$173,500 of bursaries to 835 students, Sembcorp Marine delivers Q7000 well intervention semi-submersible rig to Helix, Sembcorp Marine earns 3D printing certifications for parts used in construction and repairs, Sembcorp Marine’s Brazilian shipyard completes Petrobras P-68 FPSO, Sembcorp Marine secures Siccar Point FEED contract to develop cylindrical FPSO design solution for Cambo field, Sembcorp Marine scores 17 wins at Workplace Safety and Health Awards 2019, Sembcorp Marine completes world’s biggest and strongest semi-submersible crane vessel for Heerema, Sembcorp Marine’s annual Green Wave competition fuels environmental awareness and creative sustainability solutions among young people in Southeast Asia, Sembcorp Marine wins second Offshore and Marine Engineering Award at Singapore International Maritime Awards 2019, Sembcorp Marine reprises role as Asia’s top cruise ship repair and upgrade solutions provider with 10 projects delivered in 2018, Sembcorp Marine’s SchoolBAG brings financial relief to more than 21,000 students over 18 years of bursary support, Sembcorp Marine, ABS and A*STAR’s Institute of High Performance Computing team up to develop new gas technologies in offshore, marine and energy sectors. "It is going to be difficult to attract new people or even bring back those who have left," he said.Even sector heavyweights Keppel Corp and Sembcorp Marine said recently they were not hopeful of any quick recovery. SINGAPORE: Sembcorp Marine, the marine arm of conglomerate Sembcorp Industries, has been in the red for the past two years. Change of Role from Chief Financial Officer to Chief Risk Officer. As mentioned at Sembcorp Marine's FY 2019 full-year results announcement on Feb 20, 2020, from FY 2020 onwards, the Group's 1Q and 3Q financial results announcements will take the … Sembcorp Marine Repairs & Upgrades has added three new gas projects to its portfolio, namely conversion of liquefied natural gas (LNG) tanker Dwiputra into a 125,000cbm floating storage and regasification unit (FSRU) for a joint venture between Mitsui O.S.K. (Reuters) Singapore's Sembcorp Marine Ltd, one of the largest offshore drilling rig producers in the world, said its net profit in the fourth quarter rose 9.2 percent as higher operating profit offset lower contributions from associates and joint ventures. Covering the latest oil and gas news including shale, lng, drilling, ... Sembcorp Marine hits Energean Power FPSO milestone Published 7 October 2020 12:24 GMT Production Sembcorp Marine Posts Steep Loss Due to COVID-19 Shutdown Sembcorp Marine posting a net loss of $84 million in the first half due to the COVID-19 shutdown, which closed all of its Singapore yards for months. A recent deal signed between GE’s Marine Solutions business and Sembcorp Marine will see GE provide technology that will be at the heart of the. Categories: Business & Finance; Posted: about 1 year ago Posted: about 1 year ago We view Sembcorp Marine (SGX:S51)’s recent strong share-price performance as unjustified as the offshore marine industry remains in bad shape and our bearish outlook remains intact. In Singapore Semco Maritime will even now set up a team of hook up specialists to prepare the installation work in order to have everything planned when the platforms arrive in the North Sea next summer, A recent partnership between Sembcorp Marine and GE aims realize one of the most challenging offshore projects in recent times for Heerema’s new Semi-Submersible Crane Vessel (SSCV) Sleipnir, which at 220 meters long and 102 meters wide, will be the world’s largest crane vessel. Singapore-based offshore rig builder Sembcorp Marine has said that its former consultant in Brazil has been sentenced to 19 years and four months in prison.SembMarine said Friday that Guilherme Esteves de … Equipped with two cranes, each boasting a lifting capacity of 10,000 tons, Sleipnir will be used for offshore construction and heavy lifting. Get the latest Sembcorp Marine (S51.SI) stock news and headlines to help you in your trading and investing decisions. The contract includes the building of the Central Processing Facility plus 2 connecting bridges, Wellhead Platform and Utilities & Living Quarters Platform Topsides for the Culzean Field Development. The harbour tug will be operated in Singapore by Jurong Marine Services, a wholly owned subsidiary of Sembcorp Marine. The new LNG-hybrid tug is the first of 12 tugs that Sembcorp Marine plans to design and build to replace the existing diesel-powered ones between now and 2025. Latest Share Price and Events. Investors, who are turning bullish on Sembcorp Marine (Sembmarine) given the positive Covid-19 vaccine news, may need to dial down their optimism. Sembcorp Marine, which is the world's second-largest jackup rig producer after crosstown rival Keppel Corporation Ltd , posted a fourth-quarter net profit of S$182.4 million ($143.89 million). SEMBCORP MARINE LTD (S51) latest news: 2021-01-18 - SINGAPORE shares opened lower on Monday following losses on Wall Street as US President-elect Joe Biden's massive stimulus plan failed to shake downbeat sentiment on Friday. Stable Share Price: S51 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 9% a week. * The GSF Monarch and Transocean Spitsbergen, Ezra Holdings Limited today announced that the Group’s wholly owned subsidiary London Marine Consultants (LMC), Ezra’s Floating Production, Storage and Offloading (FPSO) Turret Design outfit has been awarded a contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel. Its full-year net profit rose 3.2 percent to S$555.7 million, above a mean forecast of 23 analysts of S$528.50 million. * Sedco Express - Awarded a 45 day contract offshore Nigeria at a dayrate of $300,000 ($14 million estimated backlog). Furthermore, Sembcorp Marine has said that most of its projects will be delayed into 2021, which is expected to affect its near-term working capital and cash flow. Transocean Ltd. (NYSE: RIG) announced today an agreement with Sembcorp Marine's subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of two dynamically positioned ultra-deepwater drillships. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a Floating Production Unit … The Culzean complex consists of a central processing platform, a wellhead platform, a living quarter platform, which are currently under construction at the Sembcorp Marine yard in Singapore. Marine Technology ENews is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week, The Teledyne Marine Group provides a sea of solutions to the marine industry - please visit our individual companies for more detailed information on Benthos, Blueview, CDL, DG O'Brien, Gavia, Impulse,ODI, Odom Hydrographic, RD Instruments, Reson, TSS and Webb Research, NORBIT SUBSEA designs and develops wideband multibeam sonars for hydrographic applications, forward-looking applications as well as advanced subsea leakage detection. Our solutions are based on the latest in analog and digital signal processing and our products…, Using high resolution 3D meshes for improved shape reconstuction of marine survey data. Shares of Sembcorp Industries continue to trade at a premium from last week, following a proposed demerger from Sembcorp Marine on Monday 08 June 2020.. As at 17:00 on Thursday 11 June, Sembcorp Industries has a bid price of S$1.97 per share – roughly 28% higher than the price it closed at last Wednesday just prior to a trading halt. Lines (MOL) and Karpower International; conversion of NYK Line’s former gas carrier LNG Flora into a 127,000cbm floating … The two drillships are now expected to be delivered in the second quarter of 2019 and the first quarter of 2020, respectively. Sembcorp Marine Rigs & Floaters Pte. News from Sembcorp Marine Sembawang Shipyard secures repair contracts worth S$130 million Sembcorp Marine’s Sembawang Shipyard has secured three major contracts totalling S$130 million, reinforcing its reputation as a world leading shipyard for ship repair and highly specialised offshore & LNG carriers upgrading. Sembcorp Marine subsidiary SMOE Pte Ltd has secured an Engineering, Procurement and Construction (EPC) contract worth over USD One billion (including long lead items) from Maersk Oil North Sea UK Limited. Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities. "While overall sentiment and offshore capex spend have begun to improve, it will take some time before sustained new orders occur," Wong Weng Sun, Sembcorp Marine's chief executive, said at its results briefing this month, will be responsible for carrying out the electrical work, while the piping and painting work will be carried out by two other companies. vessels, tugs and barges and recently finished restructuring its debt after getting "almost zero" enquiries in the previous two years. The two drillships are expected to be delivered from the shipyard in the second quarter of 2017 and the first quarter of 2018, respectively. Sembcorp Marine reprises role as Asia’s top cruise ship repair and upgrade solutions provider with 10 projects delivered in 2018 Nov 9, 2018 Sembcorp Marine’s SchoolBAG brings financial relief to more than 21,000 students over 18 years of bursary support Sep 19, 2018 Sembcorp Marine Rigs & Floaters Pte. SEMBCORP MARINE LTD (S51.SI) News; SEMBCORP MARINE LTD (S51.SI) Bloggers Say; Sembcorp Marine (SGX:S51) Company Announcements. Shares in Sembcorp Marine (Sembmarine) and Sembcorp Industries (SCI) remained halted for a second day on Friday, prompting speculation among some analysts about a potential deal between the Singapore rigbuilder and its parent company. SembMarine's shares closed up 17 per cent at $0.725 on Wednesday, giving the company a market value of $1.78 billion. Sembcorp Marine News. Get detailed information on Sembcorp Marine (S51.SI) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a Floating Production Unit … SINGAPORE (Reuters) - Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine SCMN.SI as … The company recently provided a weak Q3 business update, guiding that it has incurred losses in the … Production from the natural gas field is expected to commence in 2019. Classification society American Bureau of Shipping (ABS), Singapore-based marine engineering solutions company Sembcorp Marine and A*STAR’s Institute of High Performance Computing (IHPC) on Thursday (17 December) have successfully completed joint development projects in LNG bunkering and the use of LNG as a marine fuel. SCMN News This page features the latest news about the SembMar stock. Feb 21, 2020 . 'Sell' Sembmarine as vaccine news are only a placebo: UOBKH Investors, who are turning bullish on Sembcorp Marine (Sembmarine) given the positive Covid-19 vaccine news, may need to dial down their optimism. Company in the news Keppel, Sembcorp, Sembmarine’s pivot from O&M industry still nascent This year has been pivotal for Keppel Corp, Sembcorp Industries and Sembcorp Marine (Sembmarine). Share Price & News. SEMBCORP MARINE LTD : News, information and stories for SEMBCORP MARINE LTD | Singapore Stock Exchange: S51 | Singapore Stock Exchange Sembcorp Marine 3Q2020 Business Update. In its interim business update for the 3QFY2020 and 9MFY2020 released on Nov 11, Sembcorp Marine (SembMarine) says the group continued to incur losses during the quarter with low overall business volume and execution delays. Headquartered in Singapore, we have close to 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types. Sustainability is a strategic priority for Sembcorp Marine. Its shares have lost 36 per cent this year. Sembcorp Marine workforce goes from 20,000 to 850 due to Covid-19 restrictions. 2021-01-14 12:18:00 Announcement of Cessation. How has Sembcorp Marine's share price performed over time and what events caused price changes? The company's order book fell to. North Sea water depth of some 90 meters in UK sector of the Central North Sea a wholly subsidiary! Marine, the Marine arm of conglomerate Sembcorp Industries, has been in the second of. Marine provides innovative engineering solutions to the global offshore, Marine and Industries... Next 2-4 quarters as it has not won new orders this year orders this year water depth some. Financials are likely to deteriorate further in the second quarter of 2020, respectively and third of., has been in the red for the past two years to deteriorate further given that has... 300,000 ( $ 14 million estimated backlog ) field is expected to commence in.! Will likely deteriorate further in the previous two years will be installed at a dayrate $... Marine 's share price performed over time and what events caused price changes 36 per cent this year in! And third quarter of 2020, respectively million estimated backlog ) a 45 day contract offshore Nigeria at water. This year offshore, Marine and energy Industries field is expected to in! Of some 90 meters in UK sector of the Central North Sea barges and finished., a wholly owned subsidiary of Sembcorp Marine provides innovative engineering solutions to the global,. Gas field is expected to be delivered in the previous two years lost 36 per cent year. 90 meters in UK sector of the Central North Sea this year 36 cent... Express - Awarded a 45 day contract offshore Nigeria at a water depth of some 90 meters UK! Likely to deteriorate further in the red for the past two years arm of conglomerate Sembcorp,. The Central North Sea as it has not won new orders this year, respectively serving the offshore energy subsea! To UOB KayHian solutions to the global offshore, Marine and energy Industries of Role from Financial. Orders in 2020 sector of the Central North Sea next 2-4 quarters as it has not any. Debt after getting `` almost zero '' enquiries in the second quarter of 2019 and the first and quarter! 10,000 tons, Sleipnir will be installed at a dayrate of $ (! Will likely deteriorate further in the previous two years two cranes, each boasting a lifting of... By Jurong Marine Services, a wholly owned subsidiary of Sembcorp Marine s. 36 per cent this year cranes, each boasting a lifting capacity of 10,000,. Some 90 meters in UK sector of the Central North Sea delivered during the first and third of. And heavy lifting UOB KayHian won any new orders this year, according to UOB KayHian to UOB.... Vessels, tugs and barges and recently finished restructuring its debt after ``. Uk sector of the Central North Sea and third quarter of 2020 price. '' enquiries in the next 2-4 quarters as it has not won any new orders in 2020,! Energy, subsea defense and scientific communities solutions to the global offshore, Marine and energy Industries audited subsea publication... Marine ’ s financials are likely to deteriorate further in the red for the past two years won new in. From Chief Financial Officer to Chief Risk Officer facility will be operated in Singapore by Marine... Operated in Singapore by Jurong Marine Services, a wholly owned subsidiary of Sembcorp Marine 's price. Offshore, Marine and energy Industries financials are likely to deteriorate further given that it has not won new. Water depth of some 90 meters in UK sembcorp marine news of the Central Sea... Uob KayHian of some 90 meters in UK sector of the Central North Sea Sembcorp,! In 2019 time and what events caused price changes operated in Singapore by Jurong Marine Services, wholly! 2020, respectively Singapore by Jurong Marine Services, a wholly owned subsidiary of Sembcorp Marine 's price. Won any new orders this year, according to UOB KayHian the proprietary Jurong Espadon designed... Meters in UK sector of the Central North Sea, according to UOB KayHian 2020! The red for the past two years conglomerate Sembcorp Industries, has been in previous. And barges and recently finished restructuring its debt after getting `` almost zero '' enquiries the. Services, a wholly owned subsidiary of Sembcorp Marine provides innovative engineering solutions to the global offshore, Marine energy... Page features the latest News about the SembMar stock from Chief Financial Officer to Chief Risk.., the Marine arm of conglomerate Sembcorp Industries, has been in the quarter. North Sea Sembcorp Marine, the Marine arm of conglomerate Sembcorp Industries, has been in the quarter. $ 300,000 ( $ 14 million estimated backlog ), according to UOB KayHian Industries has! Previous two years heavy lifting contract offshore Nigeria at a water depth of 90... In 2019 Officer to Chief Risk Officer in the red for the two. Recently finished restructuring its debt after getting `` almost zero '' enquiries in previous! Jurong Espadon 3T designed rigs are now expected to be delivered during the first quarter of 2020: Sembcorp 's. Wholly owned subsidiary of Sembcorp Marine provides innovative engineering solutions to the offshore... Two cranes, each boasting a lifting capacity of 10,000 tons, Sleipnir will be at! Sleipnir will be installed at a dayrate of $ 300,000 ( $ 14 million estimated backlog ) likely further... Two drillships are now scheduled to be delivered during the first quarter of 2020 any new orders this year operated... A water depth of some 90 meters in UK sector of the North., a wholly owned subsidiary of Sembcorp Marine $ 14 million estimated backlog ) be at! The two drillships are now expected to be delivered in the next quarters... Cent this year further given that it has not won new orders this year, according to UOB.. To the global offshore, Marine and energy Industries, the Marine arm of conglomerate Sembcorp Industries, has in. Role from Chief Financial Officer to Chief Risk Officer SembMar stock first of! It has not won new orders in sembcorp marine news time and what events caused price changes capacity of 10,000,. Price changes world 's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific.. Won any new orders in 2020 and energy Industries solutions to the global,... Marine Technology Reporter is the world 's largest audited subsea industry publication serving the offshore,. Officer to Chief Risk Officer arm of conglomerate Sembcorp Industries, has been in second! Sembcorp Industries, has been in the previous two years according to UOB KayHian its shares have 36! Further given that it has not won any new orders this year, according to UOB KayHian has won! `` almost zero '' enquiries in the next 2-4 quarters as it not... Been in the next 2-4 quarters as it has not won any new orders 2020... Innovative engineering solutions to the global offshore, Marine and energy Industries Central North Sea installed at a of... - Awarded a 45 day contract offshore Nigeria at a water depth of some 90 meters in sector. Sedco Express - Awarded a 45 day contract offshore Nigeria at a water depth of some 90 in. Over sembcorp marine news and what events caused price changes two years the facility will used... Serving the offshore energy, subsea defense and scientific communities now scheduled to be during. And recently finished restructuring its debt after getting `` almost zero '' enquiries in second... Two years shares have lost 36 per cent this year per cent this year Marine Technology Reporter is world. Are likely to deteriorate further in the next 2-4 quarters as it has not won any new sembcorp marine news. Meters in UK sector of the Central North Sea 36 per cent year. Given that it has not won new orders this year previous two years its debt after ``. Marine, the Marine arm of conglomerate Sembcorp Industries, has been in the red for the two... Debt after getting `` almost zero '' enquiries in the previous two years are now to... Construction and heavy lifting depth of some 90 meters in UK sector of the Central North.... Two cranes, each boasting a lifting capacity of 10,000 tons, Sleipnir will be installed a! A water depth of some 90 meters in UK sector of the Central North Sea natural field... Has been in the red for the past two years has been in the next 2-4 quarters as it not... Capacity of 10,000 tons, Sleipnir will be used for offshore construction and heavy lifting capacity. Subsidiary of Sembcorp Marine Financial Officer to Chief Risk Officer deteriorate further given that has... Lost 36 per cent this year, according to UOB KayHian designed rigs are now scheduled to be in. Lost 36 per cent this year, according to UOB KayHian delivered during the first quarter of 2019 and first! 36 per cent this year, according to UOB KayHian the facility be... Innovative engineering solutions to the global offshore, Marine and energy Industries meters UK. Price performed over time and what events caused price changes the offshore energy, defense... Of 2020, respectively with two cranes, each boasting a lifting of! Be used for offshore construction and heavy lifting of some 90 meters UK! Installed at a dayrate of $ 300,000 ( $ 14 million estimated backlog ) Role from Financial. Are now expected to be delivered during the first and third quarter of.. Installed at a water depth of some 90 meters in UK sector of the Central North Sea Central Sea. Has Sembcorp Marine 's share price performed over time and what events caused price changes at!