Britain To Build A ‘National Flagship’ To Promote Maritime Trade
by Alistair Smout (Reuters) – Britain is to build a new flagship to promote its business and trade interests around the world, the government said on Saturday, in a move it...
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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