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...

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...

  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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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,...

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.

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...

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.

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...

Singapore-based shipbuilder Sembcorp Marine announced today a $4 million investment to acquire a 12 percent stake in GraviFloat AS, a Bergen-based firm that has developed a modularized, re-deployable gravity-based LNG/LPG...