MAINBOARD-LISTED PACC Offshore Services Holdings (POSH) has agreed to acquire the 50 per cent stake held by Sembcorp Marine (SMM) in harbour services provider Pacific Workboats Pte Ltd (PWPL) for over US$679,400 in cash.

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SINGAPORE (Oct 8): CGS-CIMB Research is keeping its “overweight” rating on the offshore & marine sector, following news that creditors – including Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine (SembMarine) – have finally reached a settlement with Sete Brasil. Keppel ...

SINGAPORE's giant rigbuilders Keppel Corp and Sembcorp Marine (SembMarine) are poised to put the pain arising from Brazil's corruption saga behind them after pulling off settlement deals on multi-billion dollar frozen rig jobs.

KEPPEL Corp and Sembcorp Marine (SembMarine) have reached long-awaited settlements with Sete Brasil for drillship and rig-building contracts worth more than US$10 billion that were frozen after their once biggest customer was forced to file for bankruptcy amid a sweeping corruption probe in ...

SINGAPORE (Oct 7): After dragging on for some two-and-a-half years, Sembcorp Marine (SembMarine) has finally reached a settlement with Sete Brasil over seven drillship contracts. The contracts, secured by various SembMarine subsidiaries from Sete Brasil’s subsidiaries, were worth a total of US$5....

SINGAPORE: Singapore firms Keppel and Sembcorp Marine said on Monday (Oct 7) they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs. Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro (Petrobras) ...

SEMBCORP Marine joined Keppel Corp on Monday in announcing a long-awaited settlement with Sete Brasil for rig-building contracts worth billions of dollars that were frozen after the Brazilian company was forced to file for bankruptcy amid a sweeping corruption probe.

SINGAPORE: Tucked away in the south-west of Singapore, at Sembcorp Marine’s Tuas shipyard, Royal Caribbean’s 15-deck Voyager of the Seas cruise ship is getting a US$97 million (S$134 million) facelift. The 20-year-old ship is getting a complete 41-day overhaul, with almost 2,000 contractors ...

SEMBCORP Marine (Sembmarine) said its wholly owned and operated Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA), has completed its first floating production, storage and offloading (FPSO) project.