Following the success of the first Aberdeen golf tournament last September jointly hosted by Astican Shipyard together with their sister yard Astander, they will once again be hosting a golf day for their Aberdeen customer base, to be held at the Portlethen Golf Club on Friday 10th June. With a growing customer base in the offshore oil and gas sector, the increasing demand for the strategically located shipyard facilities in Las Palmas has meant a wide variety of specialist offshore vessels and rigs stopping over for work ranging from short maintenance periods to large scale upgrades. Hopefully the weather for the golf event will be as kind as it was last year. Results will be posted after the event.
Sembcorp Marine's Sembawang shipyard secures long-term contract from Carnival Corporation & PLCSingapore, October 11, 2010: Sembawang Shipyard, a wholly owned subsidiary of Sembcorp Marine has secured the long-term contract from Carnival Corporation & plc, to provide ship-repair, refurbishment and upgrading services for some of its cruise vessels. Carnival is the world’s largest cruise operator with an impressive portfolio of leading cruise brands. This break-through long-term maintenance and refit contract will further boost Singapore’s target to be a major Asian cruise hub and reinforces Sembawang Shipyard’s reputation as one of the world’s leading shipyards in the highly specialised cruise ships’ repairs, refurbishment and conversion work.
The contract, signed recently in Singapore, by Mr. Peter Fetten, Senior Vice President, Corporate Ship Refit, Carnival Corporation, and Mr. Ong Poh Kwee, Managing Director of Sembawang Shipyard, commits the repairs, refurbishment and upgrading of its passenger ships that cruise in the Far East to Sembawang Shipyard. The contract excludes Princess Cruises’ fleet which has vessels currently too large for Sembawang Shipyard’s dry-docks. This long-term contract also commits both companies to joint planning, information and experience sharing, thus leveraging complementary resources to achieve sustainable targets in the areas of HSE (Health, Safety and Environment), quality, cost-efficiency and timely deliveries. It will lead to a process-based improvement using best practices across Carnival’s various brands.
Mr Peter Fetten, Senior Vice President, Corporate Ship Refit, Carnival Corporation & plc said “The selection of Sembawang Shipyard as our partner in the Far East is in line with Carnival’s refit strategy to work towards defining repair/upgrade processes and reinforcing success by implementing what works best across the entire fleet. Sembawang Shipyard is recognized as one of the most technically competent and efficient repair yards in the world for the repairs and upgrading of cruise vessels. Our various cruise brands have already had positive experiences with Sembawang Shipyard, which persuaded Carnival Corporation to enter into a long-term partnership arrangement with the Shipyard. This contract will benefit both organizations in the planning and execution of our dry dockings and upgrades in a safe, efficient and cost effective way. It is a very progressive co-operation and Carnival Corporation looks forward to instituting best practices in the way we carry out our refits and upgrades. Indeed, we look forward to a long and successful partnership with Sembawang Shipyard.”
Mr Ong Poh Kwee, Managing Director of Sembawang Shipyard said "We are deeply honoured and delighted to be the chosen partner of Carnival Corporation. This is a significant achievement for Sembawang Shipyard as partnering with Carnival Corporation & plc, the world largest cruise operator, will not only increase our market share of cruise ships repairs / upgrading business but will also enhance our capabilities level as a world- class shipyard for cruise ships’ upgrading, modification and conversion work. We have a synergistic co-operation which will lead to continuous improvement in the repairs and upgrades of Carnival’s fleet. We thus look forward to a long-term partnership which will deliver visible mutual benefits to both companies.”
“We are pleased to learn of the partnership forged between Carnival Corporation & plc and Sembawang Shipyard. Together with our new International Cruise Terminal at Marina South scheduled for completion by end 2011, this collaboration is another important milestone to the development of a comprehensive cruise industry ecosystem as we build on Singapore’s growing status as a leading cruise hub in Asia. We look forward to Carnival Corporation's growing presence in Singapore and involvement in Asia,” said Mr Tony Lai, Assistant Chief Executive, Sector Planning and Development Group & Industry Development I Group, Singapore Tourism Board.
With the signing of this long-term contract, Sembawang Shipyard can anticipate some 3 to 4 cruise ships each year. A typical refit ranges from S$5 million to S$10 million and each upgrade ranges from S$20 million to S$50 million.
The above contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2010.
About Carnival Corporation, USA
Carnival Corporation & plc is a global cruise company and one of the largest vacation companies in the world. Carnival’s portfolio of leading cruise brands includes Carnival Cruise Lines, Holland America Line, Princess Cruises and The Yachts of Seabourn in North America; P&O Cruises, Cunard Line and Ocean Village in the United Kingdom; AIDA in Germany; Costa Cruises in Southern Europe; Iberocruceros in Spain; and P&O Cruises in Australia.
Headquartered in Miami, Florida, U.S.A. and London, England, Carnival operates a fleet of 98 ships, with another 10 ships scheduled for delivery between now and May 2014.
About Sembawang Shipyard Pte Ltd
Sembawang Shipyard, a wholly owned subsidiary of Sembcorp Marine, has one of the largest integrated ship repair facilities in Southeast Asia. The shipyard's worldclass reputation is based on the company's commitment to high quality standards, Health, Safety and Environment standards, timely delivery, superior customer service and innovative solutions.
Besides its proven expertise in the sectors of tankers, bulk carriers and container / cargo vessels, the shipyard is also recognised as a specialist in the niche markets such as passenger ship conversion / upgrading/ repairs, LNG carrier repairs, FPSO conversion, offshore conversion and new building, damage repairs and repair of chemical tankers, liquefied gas carriers and navy ships.
Milestone Ground-Breaking of Semcorp Marine's Integrated New Ship YardSingapore, June 21, 2010 : Sembcorp Marine marked a major milestone in its growth and expansion strategy today with the ground-breaking of its Integrated New Yard Facility at Tuas View Extension. Representing Singapore’s first integrated yard facility, this landmark development will further reinforce Sembcorp Marine’s competitive edge, enabling the Group to respond effectively to customers’ requirements and future challenges.
The ground-breaking ceremony, held to mark the commencement of the New Yard’s first phase of construction works, was officiated by Guest-of-Honour Mr Lim Hng Kiang, Minister for Trade and Industry. This significant occasion was also witnessed by dignitaries including Mr Gao Hongfeng, Vice Minister for Transport, People’s Republic of China, His Excellency Mr Wei Wei, China’s Ambassador to Singapore, key stakeholders Mr Ang Kong Hua, Chairman of Sembcorp Industries, senior officials from government agencies Economic Development Board, Ministry of Trade and Industry and Jurong Town Corporation as well as valued customers.
Harnessing Sembcorp Marine’s 47 years of proven expertise and track record in marine and offshore engineering and construction, the state-of-the-art new yard facility is designed to maximize operational synergy, production efficiency and critical mass with optimized docking and berthing facilities, an improved dock and quay ratio, a centralized work-efficient layout, and integrated facilities. When fully completed, the 206-hectare custom-designed, purpose-built yard will boost Sembcorp Marine’s total dock capacity by 62 per cent to 3,075,000 dwt.
The New Yard’s strategic location along major sea lanes in the west of Singapore enables it to tap on the vibrant market for ship repair and conversion and to serve large volumes of vessels trading in the region.
Mr Lim Hng Kiang, Minister for Trade and Industry noted that Sembcorp Marine’s New Yard also reflects its commitment towards raising productivity levels. Mr Lim added, “Boosting productivity levels will be a key factor in ensuring that our marine and offshore industry continues to grow and achieve long term sustainable competitiveness.”
The 206-hectare Integrated New Yard Facility will be built in 3 phases. The 73.3 hectare S$750 million Phase I New Yard Development will focus on ship repair & conversion activities and is scheduled to be completed by end 2013 with partial operations commencing in the second half of 2012. Phase I will feature 4 Very Large Crude Carrier (VLCC) drydocks totaling 1,550,000 deadweight tonnes, a 3,408-metre quay as well as workshops totaling 68,300 sqm for hull and fitting works, a blasting and painting chamber, warehouse and craneage facilities. It will also house a 1,925 sqm Health, Safety and Environment (HSE) Centre along with medical clinic facilities, a training centre of 2,725 sqm, owners’ offices of 4,125 sqm and a 40,639 sqm multistorey dormitory for staff and the workforce.
Designed as a centralized and integrated “one-stop solutions” hub for ship repair & conversion, shipbuilding, rig building and offshore engineering & construction, the new yard facility is well-equipped to serve a wide range of vessels including VLCCs, new generations of mega containerships, LNG carriers and passenger ships as well as meet new regulatory requirements and environmental standards.
Mr Goh Geok Ling, Chairman of Sembcorp Marine said “The ground-breaking of our Phase I Integrated New Yard Facility marks a defining moment in our history and a significant leap forward as we forge ahead into our next phase of growth.
With its innovative work-efficient design, the state-of-the-art yard development will further bolster our home-base capabilities to deliver value-added cost-competitive solutions to our customer partners. The New Yard will be an invaluable asset which will be a key catalyst in sharpening Sembcorp Marine’s competitive edge for long-term sustainable growth.”
About Sembcorp Marine
Sembcorp Marine is a leading global marine and offshore engineering group specializing in a full spectrum of integrated solutions ranging from ship repair, shipbuilding, rig building to topsides fabrication and offshore engineering & construction. As one of the largest marine and offshore engineering leaders in Asia, the Group has a global network spanning six strategic hubs – Singapore, China, India, USA, Middle East
and Brazil.
Sembcorp Marine’s Singapore hub consists of Jurong Shipyard, Sembawang Shipyard, PPL Shipyard, SMOE and Jurong SML, supported by P.T. Karimun Shipyard and P.T. SMOE (Batam) in Indonesia.
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