Sembcorp Marine
Sembcorp Marine provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the group has 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.
See below for the latest Sembcorp Marine news, analysis, profit results, share price information, and commentary.
Seatrium commits support for subsidiary’s bond payment obligations
The interest rate margin has lowered since 18 August.
Seatrium commits support for subsidiary’s bond payment obligations
The interest rate margin has lowered since 18 August.
Singapore kicks off Seatrium probe over corruption allegations
The company believed the investigation related to events before 2015.
Keppel FELS gets arbitral award to enforce rights against Awilco
The company failed to pay an instalment per contract.
Capital goods sector to lead Q1 23 results: analyst
The rest of the sectors may feel muted growth.
Manufacturing-related stocks post S$52m net inflows in Q1, returns dip 0.5%
Shipping firms Sembcorp Marine and Yangzijiang Shipbuilding were the most traded manufacturing-related stocks on SGX last quarter.
Daily Markets Briefing: STI down 0.55%; OCBC Bank is top stock
Other top stocks are Wilmar Intl and UOB.
Sembmarine files notice of three consecutive years of losses
The company’s latest 6-month average daily market capitalisation stood at S$4.77b.
Sembmarine clinches largest offshore renewable project
It secured an agreement consisting of three contracts valued at $2.8b (€2b).
Probe on Sembmarine subsidiary linked to Brazil’s Operation Car Wash
The company also clarified that there are no administrative charges filed against them.
Daily Markets Briefing: STI up 0.29%, DBS takes the lead
The top stocks are DBS, Sembcorp Marine, and UOB.
Sembmarine taps Keppel O&M exec as COO
The COO has oversight over the execution of Sembmarine’s projects.
Chris Ong Leng Yeow appointed as CEO of Keppel O&M-Sembcorp Marine entity
He will also serve as a member of the transformation committee.
Sembmarine declares request for trading halt
It called for a trading halt past 8 a.m.
Sembmarine cuts net loss by 77% in H2 22
Its EBITDA improved to $12m in the second half of 2022.
Amidst merger, Sembmarine says net debt to equity ratio improved
Its net debt to equity ratio enhanced to 0.26 times from 0.53 times.
EGM on KOM merger to be held on 16 February
Shareholders’ approval on the merger will be sought in the meeting.
SGX grants approval in-principle on proposed combination on Keppel, Sembcorp Marine
Sembcorp Marine said they received the approval in-principle from the bourse.
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