Media Releases

Sembcorp Industries (Sembcorp) net profit for the first nine months of 2014 (9M2014) stood at S$560.5 million compared to S$596.7 million in 9M2013, while turnover was S$8.2 billion, an increase of 5% from the same period last year.

Sembcorp Marine is pleased to announce that its subsidiary PPL Shipyard has secured a US$240 million contract to build a new jack-up drilling rig from BOT Lease Co., Ltd (“BOTL”), a leasing company of The Bank of Tokyo-Mitsubishi UFJ which is under the umbrella of Mitsubishi UFJ Financial Group.

Sembcorp Industries (Sembcorp) today opens its second state-of-the-art cogeneration plant in Singapore as well as a new technology and innovation centre, strengthening its position as Jurong Island’s premier utilities provider.

Sembcorp Marine won the prestigious Shipyard of the Year award at the 2014 Awards, which recognises excellence in the shipping and maritime industry.

Sembcorp Marine wishes to announce that its subsidiaries Sembmarine SLP and Jurong Shipyard Pte Ltd have secured offshore energy related contracts valued at a combined S$222 million.

Sembcorp Marine is pleased to announce that its wholly-owned subsidiary Jurong Shipyard Pte Ltd has secured a US$696 million contract to convert a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore.

Sembcorp Marine is pleased to announce that its wholly-owned subsidiary SMOE has secured a contract with Bechtel for the fabrication of liquefied natural gas processing modules for a resource project in Western Australia.

Sembcorp Industries (Sembcorp) will be announcing its plans to expand its energy business in China with the signing of a conditional joint venture agreement with a subsidiary of Chongqing Energy Investment Group, Chongqing Songzao Coal and Power LLC, to collaborate on a mine-mouth coal-fired power project in Chongqing municipality.

Sembcorp Marine wishes to announce that the Group will invest in a multi-functional steel fabrication facility which will significantly enhance automation and productivity at its offshore rig building, conversion and production and ship-repair businesses.

Sembcorp Marine’s wholly-owned subsidiary Jurong Shipyard Pte Ltd has signed a sales and purchase agreement with SSP Offshore to acquire substantially all its business assets for US$21 million.

Sembcorp Industries (Sembcorp) delivered a healthy performance for the first half of 2014 (1H2014).

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