The Wartime Secretary of the Navy
What (Acting) Secretary Hung Cao’s First Five Months Tell Us About the Job Ahead By Bruce Kimbrell (Policy Op-Ed) President Trump has nominated the Honorable Hung Cao to become the...
SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) on Tuesday said it has secured a US$385.5 million order to build a semisubmersible well intervention rig from Helix Energy Solutions Group (HLX).
The vessel is scheduled for delivery in January 2015 and will be able to perform top hole drilling, subsea construction, and decommissioning well intervention.
The contract isn’t expected to have any material impact on Sembcorp Marine’s earnings for the year ending Dec. 31.
-By Sam Holmes, Dow Jones Newswires
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