Media Releases

Sembcorp Marine Ltd (“the Company”) is pleased to announce that its wholly-owned subsidiary PPL Shipyard Pte Ltd (“PPLS”) has signed agreements for the sale of nine Pacific Class 400 jackup drilling rigs (“Rigs”) to Borr Drilling Limited and its subsidiaries (collectively “Borr Drilling”) at an aggregate consideration of approximately US$1.3 billion (S$1.77 billion), plus a market-based fee (“Market Fee”) calculated based on an uplift in value of the rigs sold (“Agreements”).

Sembcorp Marine subsidiary Sembcorp Marine Specialised Shipbuilding Pte. Ltd. and SeaOne Caribbean LLC (SeaOne) of Houston, Texas, USA, have inked a letter of intent (LOI) for the design and construction of at least two large Compressed Gas Liquid (CGL®) carriers.

Sembcorp Marine’s wholly-owned Brazilian subsidiary, Estaleiro Jurong Aracruz Ltda (“EJA”), has secured hull carry over works (“Hull COW”) worth about US$145 million from Tupi B.V. for the FPSO P-68 Tupi Project. Tupi B.V. had in July 2012 awarded EJA the contract for the Modules Construction and Integration of FPSO P-68 (“Contract”).

Sembcorp Industries (Sembcorp) wishes to announce that its wholly-owned subsidiary Sembcorp Utilities has entered into an agreement to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for INR 1410.2 Crores (approximately S$301 million). With this, Sembcorp will become the sole owner of SGI.

Sembcorp Industries celebrated the topping out of Nanjing International Water Hub, its latest technology and business centre in China. Vice Secretary of the Communist Party of China Nanjing Jianye Committee and Mayor of the Nanjing Jianye District Government, Min Yifeng, and Singapore’s Deputy Consul-General in Shanghai, Philip Ong, joined in the ceremony marking the completion of superstructure concrete works for the water hub. The development remains on track for completion in 2018.

Sembcorp Industries posted a net profit of S$174.4 million and a turnover of S$4.4 billion for the first half of 2017 compared to S$193.5 million and S$3.7 billion in 1H2016 respectively.

Sembcorp Industries is pleased to announce the appointment of Jonathan Asherson OBE as an independent director on its board with effect from July 17, 2017.

Sembcorp Industries (Sembcorp) is pleased to announce that it has added two operating rooftop solar facilities in Singapore to its global renewable energy portfolio.

The National Parks Board (NParks) today announced the start of enhancement works for the National Orchid Garden, located within the Singapore Botanic Gardens. The enhancements will focus on the new Tropical Montane Orchidetum, comprising The Sembcorp Cool House, Tan Hoon Siang Mist House and Yuen Peng McNeice Bromeliad House, all of which will be connected by the Secret Ravine.

A team of two students, Lim Kia Teng, 17, and Zhou Jiahao, 18, from the NUS High School of Mathematics and Science has been named winner of the 10th Singapore Junior Water Prize 2017. The annual national competition is organised by Sembcorp Industries (Sembcorp), Lien Foundation and Ngee Ann Polytechnic and supported by PUB, Singapore’s National Water Agency.

Asia’s leading sustainable urban development providers, Ascendas-Singbridge and Sembcorp Development, a wholly owned subsidiary of Sembcorp Industries, have jointly received the letter of award for the master development rights to the Amaravati City Start-up Area in Andhra Pradesh, India.

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