SEMBCORP Marine’s subsidiaries Sembcorp Marine Repairs and Upgrades, and Semb-Eco on Tuesday entered into a share swap agreement with Ecospec Global Technology and their shareholders Chee Hwee Hong and Neonlite Investments.

SINGAPORE (Dec 21): DBS Group Research is keeping its “neutral” stance on the offshore and marine sector amid a slow pick up in new orders. “The overall conventional shipping market is expected to remain on a recovery path, albeit gradual,” says lead analyst Ho Pei Hwa in a 2019 outlook and...

SINGAPORE (Dec 17): Sembcorp Marine (Sembmarine) today announced the completion of repair work on Costa Fortuna, a 1,358-cabin vessel operated by Costa Crociere which sailed away from Sembmarine’s Admiralty Yard yesterday. This marks the company’s 10th and final cruise ship project delivery for...

SINGAPORE (Dec 17): UOB Kay Hian is maintaining a “market weight” rating on Singapore’s shipyards, with Sembcorp Industries (SCI) as its preferred pick. The research house has a “buy” call on SCI with a target of $3.41, as the group has a stable utilities business, and exposure to Sembcor...

SEMBCORP Marine has appointed retired KPMG audit partner Tan Wah Yeow as an independent director and member of the audit committee with effect from Dec 10, it announced on Monday morning before the market opened.

NOW that a large chunk of projects on Sembcorp Marine's multi-billion-dollar order book is under construction, its management is optimistic that the large-cap offshore and marine group may turn profitable at the operating level next year.

SINGAPORE (Nov 30): OCBC Investment Research is maintaining “neutral” on the Singapore industrials sector, indicating a preference for ST Engineering and Singapore Airlines (SIA) due to their earnings resilience and low valuations, respectively. Both stocks have been rated “buy” with fair v...

SINGAPORE (Nov 5): CGS-CIMB Securities is maintaining Sembcorp Industries at “add” after 3Q earnings came within forecast despite recording losses in Sembcorp Marine. Sembcorp’s 3Q18 reported profit of $82 million was in line with CGS’s $78 million forecast. 9M18 reported profit also formed...

SINGAPORE (Oct 30): Analysts are keeping their “hold” recommendations on Sembcorp Marine amid an expected slow recovery. “Overall, despite the improved industry outlook, management mentioned ‘it will take some time’ before there is a sustained recovery in new orders, while competition rem...

Submitted By:  Sandra Sendingan Case Study:  No The underperforming offshore engineering unit continues to weigh on margins. A quick turnaround is unlikely to take ...

OFFSHORE and marine group Sembcorp Marine is set to build its first battery-operated passenger ferries for Norwegian operator Norled AS.

Submitted By:  Arianna Danganan Case Study:  No It will engineer and construct projects for Denmark’s Ørsted Wind Power and Norway’s Norled AS. S...

SEMBCORP Marine has taken on two separate renewable energy projects valued at more than S$200 million, the group announced on Monday morning.

Submitted By:  Luz Wendy Noble Case Study:  No One major deal is a floating production storage and offloading (FPSO) contract that could be worth up to $2.76b (US$2...

SINGAPORE (Oct 29): Sembcorp Marine (SMM) has won two new renewable energy engineering projects collectively worth over $200 million from Denmark’s Ørsted Wind Power as well as Norwegian shipping company Norled AS. The first contract comes from Ørsted Wind Power’s subsidiary Optimus Wind Limi...

Submitted By:  Staff Reporter Case Study:  No It blamed continued low overall business volume. Sembcorp Marine (SembMarine) saw its net profits sink further to $29....

SEMBCORP Marine sank into the red for the second straight quarter, hampered by the loss-making sale of a semi-submersible rig and low business volumes overall.

SEMBCORP Marine sank into the red in the third quarter, in its second straight quarter of net losses, despite higher turnover from the sale of a rig.

SINGAPORE: Singapore-based rig builder Sembcorp Marine Ltd posted a loss in the third quarter on Thursday (Oct 25), and said it expected overall business volume and activity to remain relatively low for the "immediate quarters." Sembcorp Marine reported a loss of S$29.8 million (US$21.60 million) ...

SINGAPORE (Oct 25): Sembcorp Marine has reported a loss of $29.8 million in 3Q18, compared to earnings of $101 million in 3Q17 after restating for accounting changes on adoption of SFRS (I). This brings 9M18 loss to $80.1 million, compared to restated earnings of $142.9 million in 9M17. The net los...

SINGAPORE (Oct 22): Michael Milken, the junk bond king of the 1980s, is still remembered as much for his role in developing the market for high-yield bonds as the securities violations that led to his paying massive fines, serving jail time and being permanently banned from the securities business....

SUBSIDIARIES of Sembcorp Marine (SembMarine) and Teekay Offshore Partners have signed a US$166 million agreement for engineering, procurement and construction works related to the modification, repair and life extension of Teekay's Petrojarl Varg floating production storage and offloadi...

Submitted By:  Staff Reporter Case Study:  No The deal will see to modifications and life extension of the Petrojarl Varg vessel. Sembcorp Marine Rigs & Floater...

SUBSIDIARIES of Sembcorp Marine (Sembmarine) and Teekay Offshore Partners have signed a US$166 million agreement for engineering, procurement and construction works related to the modification, repair and life extension of Teekay's Petrojarl Varg FPSO (floating production storage and o...

SINGAPORE (Oct 22): Sembcorp Marine says that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters, has signed an agreement with Varg, a wholly-owned company of Teekay Offshore Partners, for engineering, procurement and construction works related to the modification, repair and life ext...

SINGAPORE (Oct 18): CGS-CIMB Securities does not expect Sembcorp Marine to meet the house's $2 billion and Street's $2-3 billion order target for 2018. In a Thursday report, analyst Lim Siew Khee thinks a more achievable figure is $1-1.5 billion and on a $1 billion order assumption for 2018, our ear...

SINGAPORE (Oct 8): CGS-CIMB Securities continues to rate Singapore conglomerates as “overweight” as limited organic growth has forced them to go beyond their existing turf. Notably, in the past six months, Sembcorp Industries acquired mini-power plants in the UK for about £286 million ($518.2 m...

SINGAPORE (Oct 5): DBS is maintaining its average Brent crude oil forecasts of ~US$75/bbl for 2018 and US$75-80/bbl for 2019, with the intention to monitor developments in the coming weeks. The move comes despite growing optimism on the possibility of oil prices rising above US$100/bbl due to talks ...

Submitted By:  Luz Wendy Noble Case Study:  No Sembcorp Marine's total returns hit 21.4%. This chart from the Singapore Exchange (SGX) shows that the 10 biggest...