“This is an important opportunity to extend our engineering solutions into the Asian offshore renewable energy markets.”. Sembcorp India Gets $100 Million For Renewable Energy, Commissions 200 Megawatt Wind Project. Posted By: Leslie Shaffer Monday, 2 September 2019 07:46:57. Sembcorp Marine wins new contracts valued around S$175 million 2019-02-25 12:20:07 General Announcement Financial Statements and Related Announcement::Full Yearly Results The group also succeeded in breaking into the highly competitive offshore wind sector in Taiwan. Sembcorp Marine - DBS Research 2019-07-31: Near-term Earnings Weakness. It was a subsidiary of Sembcorp until 2020, when the companies demerged following Sembcorp Marine's poor financial performance.. Sembcorp Marine's products and services include rigs & floaters, repairs & upgrades, offshore platforms and specialised shipbuilding. Sembcorp Marine almost doubled its net loss in 2019 from USD55 million (SGD74 million) in 2018 to USD100 million (SGD137 million). in International Shipping News 03/09/2019 Sembcorp Marine has won a raft of new projects valued at S$400 million that leverage the Group’s wide-ranging engineering solutions for … A total of 74 vessels were repaired or upgraded at Sembcorp Marine yards in 1H 2020 (1H 2019: 153 vessels). The lull could finally be over for Sembcorp Marine if it manages to bag orders worth $3.5b in 2018 and see its profits increase 56% in 2019 to $136m, CIMB said. There's no reason to own Sembcorp Marine (SembMarine) stocks yet, with the company likely to … September 2, 2019 ... Sembcorp Marine has also added three new gas projects to its portfolio. SCI is the largest shareholder of Sembcorp Marine with a 61% stake in the Company. THE BUSINESS TIMES Sembcorp Marine - Find Sembcorp Marine News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Annual Report 2019; Sembcorp's Businesses. In addition, SembMarine said it obtained three new gas projects. Sembcorp Marine Repairs & Upgrades obtained a project to refitting the Asuka II, Japan’s largest cruise ship, for NYK Cruises, the filing said. Sembcorp Marine provides innovative engineering solutions to the global offshore, marine and energy industries, the company’s website states. Project Highlights Sembcorp Marine celebrates the successful completion of Kaombo Sul, the second of two Saipem-awarded FPSO conversion projects. Sembcorp Marine has won a raft of new projects valued at S$400 million that leverage the Group’s wide-ranging engineering solutions for offshore gas and wind farm developments as well as cruise ship upgrades. The project, which will be executed over 45 days, includes installing a sulpher oxide scrubber unit to comply with new environmental regulations taking effect next year, SembMarine said. Net gearing higher at 1.47x Net gearing rose to 1.47x in 1Q19 from 1.44x in FY18, partly due to the installation of new capabilities in the group’s yard. The company’s construction and repair projects have been qualified by quality assurance and risk management company DNV GL.As the company states in its release, the new development will allow them to unlock … Sembcorp Marine Offshore Platforms Pte. Sembcorp Marine Repairs & Upgrades has added three new gas projects to its portfolio, namely conversion of liquefied natural gas (LNG) tanker Dwiputra into a 125,000cbm floating storage and regasification unit (FSRU) for a joint venture between Mitsui O.S.K. Sembcorp Marine Limited SGX: S51 an Asian company based in Singapore.It is listed on the Singapore Exchange (SGX). Sembmarine to Build LNG Bunker Tanker for MOL. Sembcorp Marine Ltd – A soft start in 2019 May 6, 2019 1026. The 376 megawatt Formosa 2, located 4 kilometers offshore Taiwan in the Taiwan Strait, will be Taiwan’s largest offshore wind farm, and is expected to generate enough electricity for more than 380,000 households when operation begins in late 2021, SembMarine said. 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Sembcorp Marine Long Service Awards recognise the contributions of employees who have been with the Group between 10 and 50 years. Reiterate BUY; Target Price lowered to S$1.90. Media Releases Sembcorp's Climate Change Strategy. Sembcorp Marine obtained new contracts valued at S$400 million from new and repeat customers including the offshore gas and wind farm developments and cruise ship upgrades, the company said in a filing to SGX Monday. Fuels | 18/12/20 The project was the outcome of the MoU between ABS, Sembcorp Marine and A*STAR’s IHPC in 2018 to advance the use of LNG as a marine fuel and to make LNG more accessible, reliable and safer for the industry. Sembcorp Marine reported net profit of $2 million for the three months ended March 31, 2019 (1Q 2019), compared with net profit of $5 million for 1Q 2018. The first contract will see it working with its customer North Oil Company (NOC) to fabricate two well-head platforms for the NOC-operated Al Shaheen oil field in Qatar. Sembcorp Marine expects a positive contribution to its earnings from the contracts, but they are not expected to have any material impact on the group’s net tangible assets and earnings per share for the year ending Dec 31, 2019. Singapore fabricator Sembcorp Marine has won a deal to fabricate 15 jacket foundations for the 378MW Formosa 2 offshore wind farm off Taiwan, its first contract in the market. We previously expected full-year 2019 losses to be in the region of S$100-110m. Things look up for the firm because it is in the running for some sizeable projects, likely to be awarded in 2018. The VLCC will produce up to 90,000 barrels of oil per day and have a storage facility for 1.3 million barrels, SembMarine said. https://www.sembmarine.com/news-centre/publication/dolphin-february-2019 ; Features ; Multimedia Centre ; Embracing Change Enabling the Future Research:. 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