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.
After merger, Keppel, Sembcorp Marine to see long-term, short-term benefits
Keppel will focus on asset-light businesses whilst Sembcorp will be more competitive.
After merger, Keppel, Sembcorp Marine to see long-term, short-term benefits
Keppel will focus on asset-light businesses whilst Sembcorp will be more competitive.
Keppel O&M, Sembcorp Marine mull definitive agreement by April 30
The companies said they have made “significant progress” in their negotiations.
Sembcorp Marine records 3 consecutive years of losses
The latest six-month average daily market capitalisation was at $2.6b.
Sembcorp Marine bags wind turbine installation vessel project contract
The project is set for completion in early 2025.
Sembcorp Marine wins landmark WITV project
The project will be completed by early 2025.
Sembcorp Marine's zero-emission ROPAX ferries ready to sail
The first three vessels will be used by Norled.
Sembcorp Marine suffers net loss of $1.17b in FY2021
The group attributed this to supply chain constraints and cost provisions of $839m.
Sembcorp Marine finally completes Johan Castberg FPSO project
The FPSO project is currently en route for delivery to Norway.
Sembcorp Marine accomplishes delivery for Tyra Redevelopment Project
This served as a milestone for the project.
Sembmarine delivers Shell’s Vito Regional Production Facility
This is Sembmarine’s first floating production unit.
Sembcorp Marine enters into contract with Bechtel
The agreement targets module assembly of the second LNG train.
Sembcorp Marine subsidiary to scheme world’s first zero-emission fuel tanker
This is part of the group’s efforts to spearhead maritime decarbonisation.
Sembcorp completes S$1.5b rights offering
The company said the raised capital is enough to meet "projected operation funding requirements” until 2022.
Temasek makes offer for Sembcorp Marine unconditional
This is due to the completion of the Minimum Acceptance Condition of 50% of shares.
Sembmarine clarifies scope of work for Johan Castberg FPRSO
Module integration and completion are not part of its responsibilities.
Sembmarine improves meals, vaccination status at Tukang Dorm
The company says it will continue to welcome feedback from workers.
Sembcorp Marine expects to incur losses in H2
The company also experienced a loss of $647m for H1.
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