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Significant Events In 2004

 

 




 


SembCorp Utilities UK receives the Five Star Health & Safety Award, reflecting its world-class safety performance in 2003.

Sembawang Shipyard becomes the first major Singapore shipyard to achieve recognition from the International Maritime Organisation for compliance with the International Ship and Port Facility Code.

SembCorp Industries
is commended for ‘Best Environmental Reporting in an Annual Report' by global accounting body ACCA.

SembCorp Logistics (SembLog) establishes 60:40 joint venture to start supply chain management operations in Vietnam, and partners Italy’s B Pacorini to offer specialty logistics services for metals and collaterised goods in Asia.

SembCorp Utilities'
(SembUtilities) offshore engineering unit SMOE launches new fabrication yard in Batam to tap into Indonesia's oil and gas market.


SembCorp Environmental Management (SembEnviro) launches new automated medical waste plant in Tuas.
   

PPL Shipyard
secures US$117.6 million rig building contract from Norway’s Mosbarron.

Jurong Shipyard wins world’s largest FPSO conversion contract P-54 worth US$628.8 million from Petrobras Netherlands.

SembCorp Marine (SembMarine) acquires 30% stake in COSCO Shipyard Group to expand its marine business in China.
   

SembEnviro acquires 51% stake in India's largest integrated bio-medical waste management and treatment services provider, now renamed SembEnviro Ramky.

SembUtilities establishes a wholly-owned subsidiary in Shanghai to provide its China-based businesses with technical, development and management support.

SembEnviro signs in-principle agreement with Shanghai Environment Investment to take a 25% stake in a new JV company to undertake waste management projects
in Shanghai.

SembMarine and its subsidiaries Jurong Shipyard
and Sembawang Shipyard set up S$500.0 million
multi-currency multi-issuer debt programme.

SembLog sells 20% stake in Kuehne & Nagel International for S$1.3 billion.

SembMarine wins long-term LNG ship refit contract from the North West Shelf Venture to provide maintenance and
refit services.

SembUtilities sells 30% stake in Sime SembCorp Engineering.

SembCorp Utilities UK boosts power capacity at Wilton, Teesside, UK with new 42 MW gas turbine.

SembCorp Engineers and Constructors (SembE&C) wins S$335.0 million civil works contract for Singapore’s Mass Rapid Transit Circle Line, and S$220.0 million contract to build prestigious residential apartments in Dubai.
   
 

SembCorp Industries makes an additional provision of S$200.0 million in relation to the Solitaire arbitration, following the dismissal of its appeal on the "Choice-of-Yard" award by the High Court of England.

SembE&C unit SembCorp Simon-Carves secures process engineering contracts in Iran worth S$320.0 million.

SMOE secures US$112.0 million contract to build an offshore platform system for Thailand's PTT International.

Jurong Shipyard secures US$84.0 million shipbuilding contract from Germany’s Reederei F Laeisz.

SembCorp Financial Services sets up a S$1.5 billion multi-currency multi-issuer debt programme.

SembCorp Industries announces distribution of approximately S$306.0 million to shareholders, comprising a special gross dividend of S$114.0 million (net S$91.0 million) and a capital reduction of S$215.0 million.

SembE&C secures S$660.0 million contract for Indian oil refinery project, and S$110.0 million contract for Indonesian gas field project.

SembLog injects S$34.0 million into Footwork Express
in bid to acquire leading transportation company in Kyushu, Japan.

Jurong Shipyard, a subsidiary of SembMarine, secures a US$131.0 million rig building deal with Petrojack AS, and signs shipbuilding contracts worth S$143.0 million with Wan Hai Lines.