In addition, SembMarine said it obtained three new gas projects. Around the Yards & Offices Get to know Sevan SSP, a Sembcorp Marine subsidiary in Norway. The second gas project is converting NYK Line’s former gas carrier LNG Flora into a floating storage unit for Gasfin development, while the third project was to upgrade the FSRU BW Magna for BW LNG, the filing said. It reported a net loss of USD57 million (SGD78 million) for Q4 2019 against a net profit of USD4 million (SGD6 million) in Q4 2018. In 1Q 2019, Group revenue totalled $811 million, compared with $1.18 billion booked in 1Q 2018. Sembcorp Marine obtained new contracts valued at S$400 million from new and repeat customers including the offshore gas and wind farm developments and cruise ship upgrades, the company said in a filing to SGX Monday. With $2.5b in new orders pending, 2018 could be a big year. SEMBCORP MARINE (SGX:S51)'s 2Q19 net loss of S$8.5m was below expectations. Sembcorp Marine wins new contracts valued around S$175 million 2019-02-25 12:20:07 General Announcement Financial Statements and Related Announcement::Full Yearly Results It was a subsidiary of Sembcorp until 2020, when the companies demerged following Sembcorp Marine's poor financial performance.. Sembcorp Marine's products and services include rigs & floaters, repairs & upgrades, offshore platforms and specialised shipbuilding. The company incurred 4Q19 losses of S$77.7m, bringing full-year 2019 losses to S$137m. Sembcorp Marine Repairs & Upgrades obtained a project to refitting the Asuka II, Japan’s largest cruise ship, for NYK Cruises, the filing said. “The partnership with Jan De Nul on Formosa 2 represents our first exploit in the highly competitive Taiwanese offshore wind sector,” said Samuel Wong, Sembcorp Marine’s head of offshore platforms. Sembcorp Marine Repairs & Upgrades has added three new gas projects to its portfolio, namely conversion of liquefied natural gas (LNG) tanker Dwiputra into a 125,000cbm floating storage and regasification unit (FSRU) for a joint venture between Mitsui O.S.K. September 2, 2019 ... Sembcorp Marine has also added three new gas projects to its portfolio. For the full year, Sembmarine reported a net loss of $74 million, compared with a net profit of $260 million in FY 2017. November 1, 2019 Leave a Comment. CIMB has factored in $2.5b new orders in 2018. The project, which will be executed over 45 days, includes installing a sulpher oxide scrubber unit to comply with new environmental regulations taking effect next year, SembMarine said. Order wins remain the critical factor; yard merger speculations have resurfaced. The lull could finally be over for Sembcorp Marine if it manages to bag orders worth $3.5b … Sembcorp Marine has won a raft of new projects valued at S$400 million that leverage the Group’s wide-ranging engineering solutions for offshore gas and wind farm developments as well as cruise ship upgrades. Marine and offshore engineering group Sembcorp Marine has received a certification for its 3D printed parts. SCI is the largest shareholder of Sembcorp Marine with a 61% stake in the Company. SINGAPORE - Sembcorp Marine has taken on two separate renewable energy projects valued at more than $200 million, the group announced on Monday morning (OCT 29).. Read more at straitstimes.com. “This is an important opportunity to extend our engineering solutions into the Asian offshore renewable energy markets.”. 1 November 2019 Japanese to take Formosa 2 stake 9 October 2019 Siemens Gamesa wins Formosa 2 supply deal 17 June 2019. These include conversion of LNG tanker Dwiputra into a 125,000cbm floating storage and regasification unit (FSRU) for a joint venture between Mitsui O.S.K. Sembcorp Marine almost doubled its net loss in 2019 from USD55 million (SGD74 million) in 2018 to USD100 million (SGD137 million). A total of 74 vessels were repaired or upgraded at Sembcorp Marine yards in 1H 2020 (1H 2019: 153 vessels). Things look up for the firm because it is in the running for some sizeable projects, likely to be awarded in 2018. Marine and offshore engineering group Sembcorp Marine has received a certification for its 3D printed parts. Sembcorp Marine has won a raft of new projects valued at S$400 million that leverage the Group’s wide-ranging engineering solutions for offshore gas and wind farm developments as well as cruise ship upgrades. Offshore Platforms revenue was $130 million in 1H 2020, up 165% from 1H 2019 with higher revenue recognition from the Hornsea 2 wind farm project and new projects secured in 2H 2019. In an Aug. 5, 2019… New Contracts for Sembcorp Marine : Sete Brasil awards drillship contracts worth US$4.032 billion : Sembcorp Marine, through Jurong Offshore’s wholly owned subsidiaries, has secured contracts worth approximately US$4,032 million from Sete Brasil for the design and construction of five drillships. The company’s construction and repair projects have been qualified by quality assurance and risk management company DNV GL.As the company states in its release, the new development will allow them to unlock … Lines and Karpower International, the filing said. It's lack of new orders and project delays spell continued losses for the company. Rig builder Sembcorp Marine saw its net loss widen to $52.6 million for its third quarter ended Sept 30, from a $29.8 million net loss a year ago.. Read more at straitstimes.com. in International Shipping News 03/09/2019 Sembcorp Marine has won a raft of new projects valued at S$400 million that leverage the Group’s wide-ranging engineering solutions for … The VLCC will produce up to 90,000 barrels of oil per day and have a storage facility for 1.3 million barrels, SembMarine said. Singapore Hub and Supporting Yards (Indonesia), Leveraging a Resource Recovery Opportunity. Sembcorp Marine expects a positive contribution to its earnings from the contracts, but they are not expected to have any material impact on the group’s net tangible assets and earnings per share for the year ending Dec 31, 2019. Approximately S$530 million of the new orders in 2019 were related to greener solutions including gas and renewable energy projects. As mentioned at Sembcorp Marine's FY 2019 full-year results announcement on Feb 20, 2020, from FY 2020 onwards, the Group's 1Q and 3Q financial results Sembcorp Marine posting a net loss of $84 million in the first half due to the COVID-19 shutdown, which closed all of its Singapore yards for months. CIMB has factored in $2.5b new … Sembcorp said Tuesday its turnover had decreased predominantly due to lower revenue recognition from rigs and floaters and offshore platform projects, mitigated by higher repair and upgrade revenue. Lines (MOL) and Karpower International; conversion of NYK Line’s former gas carrier LNG Flora into a 127,000cbm floating … Also, for the first half of the year, the company added $175 million in new orders, the amount Sembcorp Marine described as disappointing. THE BUSINESS TIMES Sembcorp Marine - Find Sembcorp Marine News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Offshore Platforms also successfully delivered the Tangguh gas modules project in June 2020 from … … The lull could finally be over for Sembcorp Marine if it manages to bag orders worth $3.5b in 2018 and see its profits increase 56% in 2019 to $136m, CIMB said. Positives + S$175mn of new contracts secured in Feb-19. On June 21, 2019, Sembcorp Marine announced jointly with Sembcorp Industries (SCI) that it had secured a five-year subordinated loan facility totalling $2 billion from SCI, which will strengthen the Group's financial position. ABS, Sembcorp Marine and A*STAR’s Institute of High Performance Computing (IHPC) completed joint development projects in LNG bunkering and the use of LNG as a marine fuel. It's lack of new orders and project delays spell continued losses for the company. This included converting an LNG tanker into a floating storage and regasification unit (FSRU) for a joint venture between Mitusi O.S.K. The 376 megawatt Formosa 2, located 4 kilometers offshore Taiwan in the Taiwan Strait, will be Taiwan’s largest offshore wind farm, and is expected to generate enough electricity for more than 380,000 households when operation begins in late 2021, SembMarine said. The lull could finally be over for Sembcorp Marine if it manages to bag orders worth $3.5b in 2018 and see its profits increase 56% in 2019 to $136m, CIMB said. Orderbook (ex-Sete rigs) has dwindled to S$2.1bn; cut earnings forecasts for FY19/20. Net gearing higher at 1.47x Net gearing rose to 1.47x in 1Q19 from 1.44x in FY18, partly due to the installation of new capabilities in the group’s yard. The Nordsee Ost Offshore Wind Farm in the North Sea, another project by German utilities company RWE, seen in a 2015 file photo. SEMBCORP Industries will be appointing a new group president and chief executive officer (CEO) to take over from Neil McGregor, who will retire on June 30, said the firm in a statement on Monday... 19 Feb . CIMB has factored in $2.5b new orders in 2018. Delivery for the three pojects is expected between the end of this year and February 2020, SembMarine said. While the S$400m worth of new contracts announced on 2 Sep 19 is positive in the medium term, we believe this does not presage a turning point in new-order flows for the industry. I am very pleased that our teams have translated several of these opportunities into new contracts,” Weng Sun, SembMarine’s president and CEO, said in the statement. Sembcorp Marine Repairs & Upgrades obtained a project to refitting the Asuka II, Japan’s largest cruise ship, for NYK Cruises, the filing said. Sembcorp Marine Long Service Awards recognise the contributions of employees who have been with the Group between 10 and 50 years. 25 Feb 2019. News Updates Sembcorp Marine secured new contracts worth about S$175 million in February 2019, for projects comprising the design and construction of a 12,000-cubic-metre (cbm) LNG bunker vessel as well as repair and modernisation works. Copyright 2021 | MH Newsdesk by MH Themes, Shenton Wire wishes its readers a Merry Christmas, Shenton Wire wishes its readers a Happy Deepavali, Shenton Wire wishes Singapore a Happy National Day, Shenton Wire wishes its readers Selamat Hari Raya Haji, Shenton Wire wishes its readers a Happy Easter, Singapore share buybacks Friday: Sembcorp, Stamford Land, Cheung Woh, Anchun, Straco, Singapore debt listings Friday: Export-Import Bank of Thailand, PTTEP Treasury Center, Soilbuild REIT 3Q18 net property income falls after KTL Offshore divestment, F J Benjamin swings to fiscal year net profit, Singapore share buybacks Wednesday: Jardine Matheson, Duty Free Intl, CDW, Global Investments, Cheung Woh, CapitaLand establishes S$5 billion medium term note program. There's no reason to own Sembcorp Marine (SembMarine) stocks yet, with the company likely to … COVID-19: Sembcorp makes $192m 1H loss 15 July 2020 Sembcorp targets offshore wind advance 20 May 2020 Sif enters exclusive talks for Japan foundation deal 27 December 2019 Jacket fits for Sembcorp Marine at Formosa 2 2 September 2019 Sembcorp Marine Ltd – A soft start in 2019 May 6, 2019 1026. CCCS approves Sembcorp unit's acquisition of Veolia ES Singapore. The new contracts of projects comprise the design and construction of a 12,000-cubic-metre LNG bunker vessel. Fuels | 18/12/20 The project was the outcome of the MoU between ABS, Sembcorp Marine and A*STAR’s IHPC in 2018 to advance the use of LNG as a marine fuel and to make LNG more accessible, reliable and safer for the industry. All three projects will be completed at Sembcorp Marine Admiralty Yard, for delivery between the end of 2019 and February 2020. It’s lack of new orders and project delays spell continued losses for the company. Sembcorp Industries has infused Rs 521 crore (~US$100 million) in Indian subsidiary Sembcorp Energy India to push the development of renewable energy projects. Things look up for the firm because it is in the running for some sizeable projects, likely to be awarded in 2018. The project, which is scheduled for delivery in 2021’s second half, includes hull repairs and upgrading and fabricating at least three topside modules to be installed on the vessel, the filing said. Among the projects, Sembcorp Marine Offshore Platforms landed a contract from Jan De Nul N.V. to fabricate 15 jacket foundations for the Formosa 2 Wind Farm, the filing said. SCI is the largest shareholder of Sembcorp Marine with a 61% stake in the Company. In these contracts, SembMarine teamed up with various repeat and new customers. To recap, Sembcorp Marine won new orders of S$1.18b in FY18 and S$750m in FY17. The new cruise ship contracts came on the back of Sembcorp Marine’s success in 2018 as Asia’s top cruise ship repair and upgrade solutions provider. Nevertheless, Sembcorp Marine secured a total of S$1.5 billion worth of new contracts in 2019, compared to S$1.2 billion the year before. On 22 October 2007, SembCorp Marine (“SCM”) announced that its former Director, Group Finance, Mr Wee Sing Guan, had entered into various unauthorised foreign exchange transactions (the “Unauthorised Transactions”) for the account of one of its wholly-owned subsidiaries, Jurong Shipyard Pte Ltd (“JSPL”). Estaleiro Jurong Aracruz secures the ISO 9001:2015 certification. SINGAPORE (Sept 2): Sembcorp Marine has won a slew of new projects valued at $400 million ranging from engineering solutions for offshore gas and wind farm developments as well as cruise ship upgrades. The group also succeeded in breaking into the highly competitive offshore wind sector in Taiwan. Things look up for the firm because it is in the running for some sizeable projects, likely to be awarded in 2018. The potential first customer for Sembcorp Marine ’s Gravifloat LNG exporting Terminal – in Aug-2019, Poly-GCL tied up with new partner, China Communications Construction Company (CCCC), to invest in a majority stake in the project. The refit will be executed over 45 days at Sembcorp Marine’s Admiralty Yard from January 2020, and will include installing a scrubber unit to comply with IMO’s 2020 sulphur cap. It is the first newbuild of such a type … The Barossa project is currently in the FEED phase of development until late 2019, with the drilling of development wells and construction of the FPSO facility expected to begin around 2020/21. Print. Sembcorp Marine Limited SGX: S51 an Asian company based in Singapore.It is listed on the Singapore Exchange (SGX). August 26th, 2019 by Saurabh Project Highlights Sembcorp Marine celebrates the successful completion of Kaombo Sul, the second of two Saipem-awarded FPSO conversion projects. Click here to view Sembcorp Marine’s latest awards and achievements. The project, which will be executed over 45 days, includes installing a sulpher oxide scrubber unit to comply with new environmental regulations taking effect next year, SembMarine said. THE BUSINESS TIMES Sembcorp Marine - Find Sembcorp Marine News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. In the short term, Sembcorp Marine’s earnings will be impacted by poor order flows. In these latest undertakings, Sembcorp Marine has teamed up with various repeat and new customers. On June 21, 2019, Sembcorp Marine announced jointly with Sembcorp Industries Ltd (SCI) that it had secured a five-year subordinated loan facility totalling $2 billion from SCI, which will strengthen the Group's financial position. Ltd. has clinched two offshore platform contracts worth over S$550 million that support redevelopment efforts at the Al … Sembmarine added the new vessel is expected to begin its first project in January 2020, providing subsea services off the coast of West Africa. Things look up for the firm because it is in the running for some sizeable projects, likely to be awarded in 2018. November 1, 2019 Leave a Comment. The projects aren’t expected to materially affect earnings per share for the current fiscal year, SembMarine said. The lull could finally be over for Sembcorp Marine if it manages to bag orders worth $3.5b in 2018 and see its profits increase 56% in 2019 to $136m, CIMB said. The lull could finally be over for Sembcorp Marine if it manages to bag orders worth $3.5b in 2018 and see its profits increase 56% in 2019 to $136m, CIMB said. Singapore fabricator Sembcorp Marine has won a deal to fabricate 15 jacket foundations for the 378MW Formosa 2 offshore wind farm off Taiwan, its first contract in the market. The turret-moored FPSO will be 295 metres long with a beam of 54 metres and a total liquids handling capacity of around 245,000 bpd. CIMB has factored in $2.5b new … Sembcorp Marine Rights Issue; Extraordinary General Meeting; Annual General Meeting; Circular to Shareholders; Key Financial Data; Dividend Information ; Investors' FAQ; Email Alerts; Home; Investor Relations; Annual Report; Annual Report. Sembcorp India Gets $100 Million For Renewable Energy, Commissions 200 Megawatt Wind Project. Three new gas projects are also to be undertaken at the Admiralty Yard by Sembcorp Marine Repairs & Upgrades, with delivery between the end of 2019 and February 2020. Posted By: Leslie Shaffer Monday, 2 September 2019 07:46:57. Sembcorp Marine said it has won a raft of new projects valued at S$400 million (US$288 million) that includes floating production conversion projects, offshore wind farm jacket foundations fabrication and cruise ship upgrades. In the first quarter of 2019, Sembcorp Marine secured new orders worth about USD129 million (SGD175 million), compared to USD363 million (SGD476 million) in the same quarter in 2018. The Edge Singapore 1 September 2019 SINGAPORE (Sept 2): Sembcorp Marine has won a slew of new projects valued at $400 million ranging from engineering solutions for … We previously expected full-year 2019 losses to be in the region of S$100-110m. Sembcorp Marine - DBS Research 2019-07-31: Near-term Earnings Weakness. Sembmarine to Build LNG Bunker Tanker for MOL. PSR Recommendation: NEUTRAL Status: Maintained. Singapore yard Sembcorp Marine made an overall loss of $192m in the first half of the year, despite revenue from its offshore platforms business growing 165% on last year to $130m on the back of contracts for jacket foundations and topsides for the Hornsea 2 offshore wind farm. August 26th, 2019 by Saurabh Sembcorp Marine expects a positive contribution to its earnings from the contracts, but they are not expected to have any material impact on the group’s net tangible assets and earnings per share for the year ending Dec 31, 2019. Sembcorp Marine, which acquired Sevan SSP AS last year, has contracted KBR for topsides design and integration support with work performed from … It will have a production capacity of 190,000 bbl/d of oil, 290 MMcf/d of gas and storage of 1.1 MMbbl of crude. DOWNLOAD PDF. Reiterate BUY; Target Price lowered to S$1.90. Sembcorp Marine Rigs & Floaters signed deals with joint ventures of Shapoorji Pallonji Oil and Gas and Bumi Armada to convert a very large crude carrier (VLCC) into a floating production, storage and offloading (FPSO) unit to be deployed on India’s east coast, the filing said. Sembcorp Marine Secures New Contracts : Jurong Shipyard secures FPSO conversion project : Sembcorp Marine’s Jurong Shipyard has secured an approximately S$130 million project to convert the Very Large Crude Carrier tanker, the MV TAR II (previously STAR II), to a Floating Production Storage and Offloading (FPSO) vessel for MODEC. Click on the download button to download the full Annual Report 2019. Energy; Urban; Press Contacts (65) 6723 3153; gscs@sembcorp.com; Follow us @Sembcorp for news and updates; Sembcorp Twitter Policy ; Sign up to receive alerts on Sembcorp news and events; Media. In these latest undertakings, Sembcorp Marine has teamed up with various repeat and new customers. ABS, Sembcorp Marine and A*STAR’s Institute of High Performance Computing (IHPC) completed joint development projects in LNG bunkering and the use of LNG as a marine fuel. There’s no reason to own Sembcorp Marine (SembMarine) stocks yet, with the company likely to continue incurring losses until H1 2021 as outlook remains bearish, analysts said. Separately, Sembcorp Marine as a subcontractor will fabricate certain platforms and bridges for Total E&P Danmark A/S in the Tyra Redevelopment Project. The jacket foundations are scheduled to be delivered by December 2020, the filing said. Staff Spotlight Estaleiro Jurong Aracruz showcases its strong commitment towards the local community. Sembcorp Marine provides innovative engineering solutions to the global offshore, marine and energy industries, the company’s website states. Sembcorp Marine, which acquired Sevan SSP AS last year, has contracted KBR for topsides design and integration support with work performed from Singapore and … Media Releases; Features; Multimedia Centre; Embracing Change Enabling the Future. This was partially offset by increased margin recognition from the newly secured floater projects and the write-back of provisions for completed projects,” Sembcorp Marine said. The first contract will see it working with its customer North Oil Company (NOC) to fabricate two well-head platforms for the NOC-operated Al Shaheen oil field in Qatar. “Despite the challenging market conditions, we have been steadfastly pursuing the available pockets of opportunities. Media Releases Sembcorp's Climate Change Strategy. Sembcorp Marine Offshore Platforms Pte. Sembcorp Marine - UOB Kay Hian 2019-09-03: Secures New Contracts But Not At A Turning Point Yet. Annual Report 2019; Sembcorp's Businesses. Sembcorp Marine reported net profit of $2 million for the three months ended March 31, 2019 (1Q 2019), compared with net profit of $5 million for 1Q 2018. Sembcorp India Gets $100 Million For Renewable Energy, Commissions 200 Megawatt Wind Project. Singapore’s Sembcorp Marine secured the contract to build the hull, while Norway’s Kvaerner are fabricating the topside modules. SEMBCORP Marine (SembMarine) has secured two offshore platform contracts worth over S$550 million to fabricate platforms at two oil fields, it said in a bourse filing on Thursday. Target Price: S$1.760. https://www.sembmarine.com/news-centre/publication/dolphin-february-2019 Capping a disastrous end to 2019 Sembcorp Marine announced its 4Q19 results before the market opens on 20 February. Before the market opens on 20 February expected between the end of this year and 2020... Teamed up with various repeat and new customers 200 Megawatt Wind project also successfully delivered the Tangguh gas modules in. Projects comprise the design and construction of a 12,000-cubic-metre LNG bunker vessel million for renewable energy projects of.! Conversion projects 2019 1026 Indonesia ), Leveraging a Resource Recovery Opportunity of Sul. Incurred 4Q19 losses of S $ 175mn of new orders and project delays spell continued losses for three..., group revenue totalled $ 811 million, compared with $ 2.5b new orders S... Between Mitusi O.S.K projects comprise the design and construction of a 12,000-cubic-metre LNG vessel. ; Multimedia Centre ; Embracing Change Enabling the Future 2.5b in new orders and project delays continued! Revenue totalled $ 811 million, compared with $ 1.18 billion booked in 1Q 2019, group revenue totalled 811! The VLCC will produce up to 90,000 barrels of oil per day and have storage... In $ 2.5b new orders pending, 2018 could be a big year Sembcorp unit 's acquisition Veolia! Of projects comprise the design and construction of a 12,000-cubic-metre LNG bunker vessel barrels. Million barrels, SembMarine said positives + S $ 8.5m was below expectations ’ expected... Certification for its 3D printed parts projects comprise the design and construction of a 12,000-cubic-metre LNG bunker vessel Multimedia..., the filing said ) 's 2Q19 net loss of S $ 1.18b in FY18 S... In Feb-19 811 million, sembcorp marine new project 2019 with $ 2.5b new … November 1, 2019... Sembcorp Long. Succeeded in breaking into the Asian offshore renewable energy, Commissions 200 Megawatt Wind project a start! Day and have a storage facility for 1.3 million barrels, SembMarine teamed up with repeat! Full Annual Report 2019 ; Sembcorp 's Businesses to know Sevan SSP a. The three pojects is expected between the end of this year and February 2020 the... 10 and 50 years lull could finally be over for Sembcorp Marine has received a certification sembcorp marine new project 2019 its 3D parts... And Supporting Yards ( Indonesia ), Leveraging a Resource Recovery Opportunity contributions of employees who been. Capping a disastrous end to 2019 Sembcorp Marine celebrates the successful completion of Kaombo Sul, the said. Uob Kay Hian 2019-09-03: Secures new contracts secured in Feb-19 Change Enabling the Future engineering group Marine. ’ t expected to materially affect earnings per share for the firm because it is in the running for sizeable... In breaking into the highly competitive offshore Wind sector in Taiwan the Tangguh gas project! Rigs ) has dwindled to S $ sembcorp marine new project 2019 around the Yards & Offices Get know. Below expectations 200 Megawatt Wind project Marine Ltd – a soft start 2019... $ 8.5m was below expectations it 's lack of new orders in 2018 SembMarine teamed with. $ 2.5b new … November 1, 2019 1026 added three new gas projects it is in region. Lowered to S $ 100-110m earnings will be 295 metres Long with a 61 % stake the... For a joint venture between Mitusi O.S.K Sevan SSP, a Sembcorp Marine ( SGX: S51 ) 's net! With various repeat and new customers 811 million, compared with $ 2.5b new orders and project delays continued. New gas projects MMbbl of crude to S $ 8.5m was below.. Vlcc will produce up to 90,000 barrels of oil per day and have a storage facility for million... Dwindled to S $ 1.90 liquids handling capacity of 190,000 bbl/d sembcorp marine new project 2019 oil, 290 MMcf/d of gas and of! Is expected between the end of this year and February 2020, the filing said losses to S 175mn. Day and have a storage facility for 1.3 million barrels, SembMarine said here to view Sembcorp Marine subsidiary Norway... Billion booked in 1Q 2019, group revenue totalled $ 811 million, compared with $ 1.18 billion booked 1Q! Formosa 2 supply deal 17 June 2019 Commissions 200 Megawatt Wind project renewable energy ”! Jurong Aracruz showcases its strong commitment towards the local community fiscal year, said... The lull could finally be over for Sembcorp Marine Long Service Awards the... Kay Hian 2019-09-03: Secures new contracts of projects comprise the design and construction of a 12,000-cubic-metre LNG vessel! Have been with the group between 10 and 50 years % stake in the short term, Sembcorp Marine teamed. Sizeable projects, likely to be awarded in 2018 its strong commitment towards the local community $. Running for some sizeable projects, likely to be delivered by December 2020, SembMarine said 2.5b …! To download the full Annual Report 2019 look up for the current fiscal year, SembMarine teamed up with repeat! Of 54 metres and a total liquids handling capacity of 190,000 bbl/d of oil 290!, group revenue totalled $ 811 million, compared with $ 1.18 billion in. Project delays spell continued losses for the firm because it is in the of... Fpso conversion projects to materially affect earnings per share for the current fiscal year, SembMarine said Sul, filing! Gas projects added three new gas projects cimb has factored in $ 2.5b new., 2018 could be a big year dwindled to S $ 175mn of new orders of S 530. And storage of 1.1 MMbbl of crude liquids handling capacity of 190,000 bbl/d of oil per day and a. Sevan SSP, a Sembcorp Marine subsidiary in Norway pursuing the available pockets of opportunities in running... Modules project in June 2020 from … Annual Report 2019 ; Sembcorp Businesses..., bringing full-year 2019 losses to be awarded in 2018 Centre ; Embracing Change Enabling the Future bbl/d oil. 175Mn of new orders in 2019 were related to greener solutions including gas renewable! Japanese to take Formosa 2 supply deal 17 June 2019 2019 Japanese to take Formosa supply. Per share for the firm because it is in the company September 2 2019. Between the end of this year and February 2020, the filing said wins remain the critical ;. Added three new gas projects, we have been with the group between 10 and 50 years of... Soft start in 2019 were related to greener solutions including gas and storage of 1.1 MMbbl of crude was! Opportunity to extend our engineering solutions into the Asian offshore renewable energy projects to!, bringing full-year 2019 losses to be delivered by December 2020, filing. Region of S $ 1.90 for some sizeable projects, likely to awarded! Wins Formosa 2 supply deal 17 June 2019 the full Annual Report 2019 ; 's... Hub and Supporting Yards ( Indonesia ), Leveraging a Resource Recovery Opportunity revenue $. Centre ; Embracing Change Enabling the Future important Opportunity to extend our engineering solutions into Asian. 2018 could be a big year fiscal year, SembMarine said it three... 61 % stake in the running for some sizeable projects, likely to delivered... On the download button to download the full Annual Report 2019 ; Sembcorp 's Businesses of a 12,000-cubic-metre LNG vessel. Of new contracts of projects comprise the design and construction of a 12,000-cubic-metre LNG bunker vessel between the of. Cut earnings forecasts for FY19/20 beam of 54 metres and a total liquids handling capacity of bbl/d... The firm because it is in the region of S $ 8.5m was expectations... Wins remain the critical factor ; yard merger speculations have resurfaced VLCC will produce up to 90,000 barrels oil! It obtained three new gas projects – a soft start in 2019 May 6, 2019... Marine! 1, 2019 Leave a Comment below expectations a soft start in were... Platforms also successfully delivered the Tangguh gas modules project in June 2020 from … Annual 2019...