Thursday, June 24, 2021
sembcorp marine yard

Singaporean Shipyards Keppel and Sembcorp Marine Begin Merger Talks

By Anshuman Daga (Reuters) – Temasek-backed Singapore conglomerate Keppel Corp and smaller rival Sembcorp Marine are exploring a potential tie-up which would see them combine their struggling offshore and marine...

June 24, 2021
Total Views: 1462

Monday, May 3, 2021
sembcorp marine yard

Singapore-Based Sembcorp Marine Faces COVID-19 Headwinds, Skilled Worker Shortage

Singapore-based marine and offshore engineering Sembcorp Marine expects losses to continue this year as it faces COVID-19 constraints and a shortage of skilled workers. Sembcorp Marine provided the outlook in...

May 3, 2021
Total Views: 3143

Thursday, August 1, 2019
offshore rigs

Singapore Rig Builder Sembcorp Marine Posts Q2 Loss, Flags Worsening Market in Second Half

SINGAPORE (Reuters) – Singaporean rig builder Sembcorp Marine on Tuesday posted a narrower second-quarter loss, but said it expected losses for the second half of the year to be higher...

August 1, 2019
Total Views: 3

Friday, July 20, 2018
sembcorp marine yard
Maritime News

Sembcorp Marine Swings to Q2 Loss, Says Outlook Gloomy

  SINGAPORE, July 20 (Reuters) – Singaporean rig builder Sembcorp Marine Ltd swung into the red in the second quarter, and cautioned a trend of negative operating profit would continue...

July 20, 2018
Total Views: 0

Monday, February 5, 2018
sembcorp marine yard

Singapore’s Sembcorp Marine Adds $1.5 Billion in 3 Weeks on Orders Outlook

By Abhishek Vishnoi (Bloomberg) — Sembcorp Marine Ltd. has gained almost S$2 billion ($1.5 billion) in just three weeks — making its parent Singapore’s best-performing stock in the past month...

February 5, 2018
Total Views: 8

Thursday, April 27, 2017
sembcorp marine yard

Sembcorp Marine Q1 Profit Drops as Rig Orders Slow Down

SINGAPORE, April 27 (Reuters) – Singapore’s Sembcorp Marine Ltd (Sembmarine) posted a 28 percent drop in its first-quarter profit as rig orders slowed and customers delayed taking deliveries. Sembmarine reported...

April 27, 2017
Total Views: 11

Wednesday, February 22, 2017
Maritime News

Sembcorp Marine Swings to Profit

SINGAPORE, Feb 22 (Reuters) – Singapore’s Sembcorp Marine Ltd (SembMarine) swung to profit in the fourth quarter of 2016 after provisions pulled the rig builder into a loss the year...

February 22, 2017
Total Views: 3

Tuesday, October 25, 2016
sembcorp marine

Singapore Rig Builder Sembcorp Marine Swings to Loss

SINGAPORE, Oct 25 (Reuters) – Singapore’s Sembcorp Marine Ltd swung to a loss in the third quarter and the rig builder’s revenue was hurt by customers deferring rig deliveries amid...

October 25, 2016
Total Views: 26

Tuesday, August 23, 2016

Singapore Rig Builder Sembcorp Marine Takes Full Control at PPL Shipyard

SINGAPORE, Aug 23 (Reuters) – Singaporean rig builder Sembcorp Marine Ltd said it had agreed to buy the 15 percent of PPL Shipyard Pte Ltd it did not already own...

August 23, 2016
Total Views: 37

Thursday, July 28, 2016
Maritime News

Sembcorp Marine Q2 Profit Plunges 90 Percent

SINGAPORE, July 28 (Reuters) – Singapore’s rig builder Sembcorp Marine Ltd’s second-quarter profit plummeted 90 percent, as the prolonged downturn in the oil markets hit orders and prompted customers to...

July 28, 2016
Total Views: 0

Wednesday, April 27, 2016

Sembcorp Marine Profit Falls as Clients Defer Offshore Projects

By Aradhana Aravindan SINGAPORE, April 27 (Reuters) – Singapore rig-builder Sembcorp Marine’s quarterly profit halved as customers deferred projects, and it faces prolonged uncertainty on contracts from its biggest client,...

April 27, 2016
Total Views: 13

Thursday, April 7, 2016
Maritime News

Sembcorp Marine, Marco Polo Marine Head to Arbitration Over Rig Contract Dispute

Singaporean rig builder Sembcorp Marine is headed to court to settle a dispute with Marco Polo Marine over the termination of a $214.3 million jack-up rig construction contract signed in...

April 7, 2016
Total Views: 8

Wednesday, April 6, 2016
keppel shipyard

Keppel, Sembcorp Rebounds May Be Short-Lived as Rig Orders Drop

By Jonathan Burgos and Kyunghee Park (Bloomberg) — The world’s two biggest builders of oil rigs saw their stocks rise the most in more than two years last month as...

April 6, 2016
Total Views: 0

Tuesday, March 1, 2016
Maritime News

Falling Crane Damages Newbuild Jack-Up at Sembcorp Marine

Offshore drilling contractor Noble Corporation has confirmed that a newbuild jack-up rig nearing completion at the Semcorp Marine Jurong shipyard in Singapore has been damaged after it was hit by a collapsing...

March 1, 2016
Total Views: 37

Monday, February 15, 2016
Maritime News

Singaporean Rig Builder Sembcorp Marine Posts First Loss Since 2003

By Kyunghee Park and Jonathan Burgos (Bloomberg) — Sembcorp Marine Ltd., the world’s second- largest builder of oil rigs, posted its first quarterly loss in at least 12 years after...

February 15, 2016
Total Views: 16

Wednesday, July 29, 2015

Sembcorp Marine: Sete Brasil Stiffing Us on Drillship Projects

SINGAPORE, July 29 (Reuters) – Singapore’s Sembcorp Marine has not received payment from Sete Brasil on drillship projects this year and may slow down the projects if the situation persists,...

July 29, 2015
Total Views: 1

Monday, April 27, 2015
pacific class 400 jack-up
Engineering News

Sembcorp Marine Sees Challenging Year Ahead, Posts Q1 Profit Drop

Singapore-based rig builder Sembcorp Marine posted its lowest quarterly net profit in at least five years and forecast a challenging year ahead, as new rig orders dry up on weak oil prices and as a corruption scandal in Brazil brings uncertainty.

April 27, 2015
Total Views: 0

Monday, March 30, 2015
Maritime News

Heerema Signs LOI for World’s Mightiest Crane Vessel

Heerema Offshore Services says it has signed a Letter of Intent for the engineering and construction of a new semi-submersible crane vessel (NSCV) with Jurong Shipyard, a fully owned subsidiary...

March 30, 2015
Total Views: 24

Thursday, February 12, 2015

Sembcorp Marine in Talks with Sete Brasil Over Delayed Payments

Sembcorp Marine said it is in talks with Sete Brasil over delayed payments worth millions of dollars on orders that the Brazilian company has placed with the Singaporean rig builder.

February 12, 2015
Total Views: 8

Sunday, July 20, 2014
euronav olympia vlcc

Sembcorp Marine to Convert Euronav VLCCs for Kaombo Project

Three months after winning the $4 billion project to supply and operate a pair of FPSOs offshore Angola for Total, Saipem has selected Sembcorp Marine’s Sembawang Shipyard to undertake the...

July 20, 2014
Total Views: 27