Media Releases

Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has secured two Floating Production Storage and Offloading (FPSO) conversion contracts worth a total of US$58 million from Tanker Pacific Offshore Terminals Pte Ltd (Tanker Pacific).

SembCorp Industries wishes to announce that its dormant subsidiary, Bintan Carrier Services Pte Ltd (“Bintan Carrier”) and its inactive wholly-owned subsidiaries, Sembawang Investments Pte Ltd (“SembInv”) and SembFood Pte Ltd (“SembFood”) have been placed under Members’ Voluntary Liquidation. Mr Teo Ban Seng has been appointed as the liquidator for Bintan Carrier and Mr Robert Yam has been appointed as the liquidator for SembInv and SembFood.

SembCorp Industries Ltd (“SembCorp”) announces that SembEnviro KK Asia, a subsidiary of SembCorp’s wholly-owned SembCorp Environmental Management, has entered into a Put and Call Option Agreement (“option agreement”) with HSBC Institutional Trust Services, as trustee of Mapletree Logistics Trust (“MapletreeLog”), for the sale and leaseback of its property at 9 Tampines Street 92, Singapore 528871.

Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has signed a contract with Noble Drilling Holding LLC (“Noble Drilling”), USA, to construct, convert and outfit a new ultra-deepwater dynamically positioned semi-submersible drilling unit from Noble Drilling’s existing baredeck hull Bingo 9000 which is named the Noble Danny Adkins. Noble Drilling Holding LLC is a wholly-owned, indirect subsidiary of Noble Corporation.

In line with its strategy to sharpen its focus on its core businesses, SembCorp Industries Ltd (“SembCorp”) announces that its subsidiary, Singapore-Wuxi Investment Holdings Pte Ltd (“SWIH”) has today entered into a conditional sale and purchase agreement for the transfer of its stake in Wuxi Garden City Mall Hotel Co. Ltd (“WGCM”) to Park Hotel Strategic Investments Limited (“Park Hotel”).

Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has received a Letter of Award from Saudi Aramco Overseas Company B.V., a subsidiary of the Saudi Arabian Oil Company (Saudi Aramco) in Dhahran, Saudi Arabia for the design, construction and delivery of a Self-Elevating Heavy-lift Jack-up Barge. The contract value is approximately US$180 million.

Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has secured two Floating Production Storage and Offloading (FPSO) conversion contracts worth a total of US$58 million from Tanker Pacific Offshore Terminals Pte Ltd (Tanker Pacific).

Further to its announcement on July 5, 2006 relating to its acquisition of a 40 per cent interest in Fujairah Independent Water and Power Plant in the UAE, SembCorp Industries (SembCorp) announces that financial close for the project was achieved on November 22, 2006.

Further to its announcement on July 11, 2006 relating to the Inland Revenue Authority of Singapore’s confirmation of Solitaire costs incurred as trade losses of Sembawang Corporation Ltd (Sembawang), SembCorp Industries (SembCorp) announces that the losses available for transfer within the SembCorp Group under the group tax relief system and/or offset against taxable profits of Sembawang, subject to compliance with the respective provisions under the Singapore Income Tax Act, will be fully utilised in 2006.

SembCorp Industries (SembCorp) continued to show a robust performance, posting a record Profit After Tax and Minority Interest (PATMI) of $643.5 million for the first nine months of 2006 (9M2006), a growth of 202% over the previous year.

SembCorp Industries wishes to announce that Mr Colin Au Fook Yew has stepped down as a Director of the Company with effect from November 6, 2006.

SembCorp Marine's 9M2006 Results Announcement

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