Media Releases

In November 1993, Sembawang Corporation (“Sembawang”) won a S$230 million contract from Allseas to convert its bulk carrier, the “Solitaire” into a dynamically positioned pipe-laying vessel. In October 1995, Allseas unilaterally terminated the contract before the work on the vessel was fully completed, alleging failure on the part of Sembawang to make adequate progress.

Following our earlier announcement dated June 7, 2004, SembCorp Marine is pleased to announce that its subsidiary, Jurong Shipyard has signed and accepted the Notice of Award from Petrobras Netherlands BV (PNBV) on June 17, 2004 in Brasilia, Brazil to convert the VLCC Barao De Mauá into a Floating Production Storage Offloading (FPSO) platform, the P-54 for US$628.8 million (S$1.068 billion).

SembWaste, wholly owned subsidiary, of SembCorp Environmental Management (SembEnviro) in partnership with Shinmaywa has won a two-year contract worth $2.1 million to provide and install its Singmatic Mobile System (SMS) for Singapore’s latest 20-hectares Republic Polytechnic campus in Woodlands.

Jurong Shipyard, a subsidiary of SembCorp Marine has secured a Letter of Intent from Petrobras Netherlands BV (PNBV) to convert the VLCC Barao De Mauá into a Floating Production Storage Offloading (FPSO), the P-54 for US$628 million (S$1.068 billion).

The Board of Directors of SembCorp Marine Ltd (“SembCorp Marine”) wishes to announce that its subsidiary, Jurong Clavon Pte Ltd (Jurong Clavon) has formed an associated company with Cosco Shipyard Group Company (COSCOSG) to provide corrosion control consultancy, staging, copper slag processing and trading, blasting and painting services to shipyards in the People’s Republic of China.

PPL Shipyard, a subsidiary of SembCorp Marine has secured a US$117.6 million contract from Mosbarron Ltd of Norway for the construction of a Baker Pacific Class 375 Jack Up Rig.

SembCorp Industries delivered a 1Q2004 turnover of $1.4 billion, up 50% over 1Q2003. PATMI grew 12% to $42.6 million over the previous period.

SembCorp Marine's First Quarter 2004 Financial Statement

SembCorp Industries announces that its wholly-owned subsidiary, SembCorp Utilities’ (SembUtilities) joint venture company, Qianan SembCorp Cogeneration Company, has commenced its Phase II expansion programme.

SMOE, the offshore engineering division of SembCorp Utilities (SembUtilities) announced today that Indonesia’s newest fabrication yard was officially opened by Indonesia’s Minister of Energy & Mineral Resources, Mr Purnomo Yusgiantoro.

SembCorp Environmental Management (SembEnviro), Asia’s leading provider of integrated medical waste management, announces the official opening of its new 24/7 automated medical waste plant in Tuas. The plant opening was officiated by BG Lam Joon Khoi, Chief Executive Officer of the National Environmental Agency (NEA).

As part of its plans to divest its non-core businesses and to focus on its cleansing businesses, SembCorp Environmental Management’s subsidiary, SembWaste Cleantech will divest its horticulture business to newly-formed joint venture company, SembEnviro Hydroculture, for S$540,000.

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