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JURONG SHIPYARD LTD

Jurong Shares Firm Amid Stock-Split Rumors

Shares of Jurong Shipyard Ltd. firmed by more than six percent in early Friday trading on rumors that the shipyard might announce a stock-split exercise to improve its liquidity, dealers and analysts said. Fueling the market's excitement over Jurong was SembCorp's impending news conference, possibly next week, where Jurong was expected to announce further merger details and restructuring of its shipyard operations. SembCorp, with a yard capacity of 1.8 million dwt, is the owner of Asia's largest shipyard outside Dubai.


Jurong Lays Off Nearly 250 Workers

Jurong Shipyard, part of SembCorp Industries Ltd., cut 249 jobs last week as part of the group's shipyard restructuring efforts. "Where practicable, attempts were made to re-deploy or reassign affected employees within the yards. Those who would not be re-deployed or whose jobs became redundant were retrenched," company officials said. Jurong Shipyard, with a workforce of 3,021 prior to the cutbacks, said discussions were held with respective shipyard unions


Jurong Shipyard Wins Cableship Contract

SembCorp Marine said on Thursday its unit Jurong Shipyard Pte Ltd has signed a $38.8 million contract to build a cable-laying and repair vessel for ASEAN Cableship Pte Ltd. It said in a statement the contract had a further option for an additional two identical vessels. The 9,650-dwt vessel was scheduled for delivery in the first half of 2002. Jurong Shipyard had an orderbook of $123 million for construction of six units of 1


AOPL Wins Contract

Atwood Oceanics, Inc. announced that its wholly owned subsidiary, Atwood Oceanics Pacific Limited (AOPL), has been awarded a contract by Chevron Australia Pty. Ltd. to provide a newly constructed Mobile Offshore Semisubmersible Drilling Unit for a firm three year period, with an option to extend the firm period to six years. The contract provides for an operating dayrate of approximately $470,000, if the firm commitment is three years and approximately $450,000


Deepwater Drillship Package Order for Aker

Aker Solutions to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market. On 25 August 2012 Aker Solutions announced a contract to supply six drilling equipment packages to Jurong Shipyard. The contract included an option for an additional drilling package, which the customer now has exercised. The contract includes complete topside and subsea equipment (drilling riser and blow-out preventer) and its value has not been


SembCorp Signs Long Term LNG Deal

Singapore’s SembCorp Marine Ltd has announced a long-term contract from Australia’s North West Shelf venture (NWS) to provide dry-docking, refit, and other marine services, for their fleet of LNG ships. This breakthrough contract signifies the first time that a major LNG consortium has committed itself to a long-term maintenance and refit contract in the region. At a time when Singapore is preparing itself to be a major hub and player in the LNG sector


Transocean Orders Two New Ultra-Deepwater Drillships

Transocean rigs: Image courtesy of the owners

Transocean Ltd. inform that a subsidiary company has awarded contracts to Sembcorp Marine's subsidiary, Jurong Shipyard, in Singapore for construction of two newbuild dynamically positioned ultra-deepwater drillships with contract options for up to three more.  The two drillships are expected to be delivered from the shipyard in the second quarter of 2017 and the first quarter of 2018, respectively. The combined capital cost is estimated at approximately US$1


Jurong Shipyard Completes Construction of FPSO

Jurong Shipyard Pte Ltd, a subsidiary of SembCorp Marine has completed construction of the 356,400 dwt Floating Production Storage Offloading (FPSO) Fluminense for MODEC International LLC. Measuring 363m x 61m x 29m, the 356,400 dwt FPSO Fluminense has a production capacity of 81,000 barrels of oil per day and a storage capacity of 1.2 million barrels of oil. The conversion of this Ultra Large Crude Carrier (ULCC),


ABB Wins $160 Million in Orders

Espadon-Jurong-Drillship-Design-Jurong-Shipyard-635x476 WEB.jpg

Power systems for seven new oil and gas ultra deepwater drilling vessels to be built and operated in Brazil goes to ABB for $160m ABB won orders worth $160m from Jurong Shipyard Pte Ltd. for the design, supply, supervision of installation, testing and commissioning of the main electrical systems for seven next generation drill ships that will operate in the deep water oil and gas fields off the coast of Brazil. The orders were booked in the fourth quarter of last year and first quarter of


Aker Solutions: Seventh Drilling Equipment Package to Brazil

Aker Solutions has won a contract to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market. The contract value is undisclosed. Earlier this year Aker Solutions announced a contract to supply six drilling equipment packages to Jurong Shipyard. The contract included an option for an additional drilling package, which the customer now has exercised. The contract includes complete topside and subsea equipment (drilling riser


MOL's LNG Carrier KUMUL Delivered

At the naming ceremony Courtesy MOL

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) in Shanghai on April 29. A naming ceremony was held at the shipyard on April 8


Indian Navy Dredger Completes Successful First Year

(Photo: Tebma Shipyards Ltd.)

In mid-April of 2016, the Indian Navy’s grab hopper dredger, Dredger-1 was preparing to depart its birth shipyard following a comprehensive one-year warrantee review. Tebma Shipyards Ltd., Senior Vice President M. Balasubramaniam explained that the 44.15 by 12


Cochin Shipyard, Samsung Heavy Pact for LNG Ship Project

Image: Cochin Shipyard Limited (CSL)

 Cochin Shipyard Limited (CSL) has signed a memorandum of understanding (MoU) with South Koreas second-largest shipbuilder, Samsung Heavy Industries (SHI) to team up to bid for the GAIL (India) Ltd tender to build liquefied natural gas (LNG) ships.   


Australia Accelerates Naval Shipbuilding Efforts

Australia will speed up plans to build more naval vessels in domestic shipyards, Prime Minister Malcolm Turnbull said on Monday, making an announcement that could find favour with voters just weeks ahead of a likely federal election. Naval shipbuilding is a key part of a plan unveiled in


Russia to Build 2 Tankers for Azerbaijan

Photo: Caspian Marine Services Ltd

 Russia's Krasnoye Sormovo shipyard, a subsidiary of the United Shipbuilding Corporation, is to sign a contract to build two tankers for Azerbaijan’s Caspian Marine Services Ltd.   The two companies have signed a contract for building and delivery of two RST27 tankers


Keppel Secures MODEC FPSO Project in Brazil

 Keppel FELS Brasil Secures MODEC FPSO Project   Keppel Offshore & Marine Ltd, through subsidiary Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC


Keppel Bags BRL 500 mln MODEC Project

Courtesy Keppel FELS Brasil in Rio de Janeiro

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore)


Shell Bringing First US Import of Malaysian Condensate

A cargo of Malaysian Bintulu condensate bought by Royal Dutch Shell is sailing to New Orleans, Louisiana, a trade source in Asia familiar with the matter said on Tuesday, in what appears to be the first U.S. import of that grade of offshore oil according to Thomson Reuters Trade Flows data.


Hin Lee Shipyard Selects FORAN System

FORAN in Hin Lee Shipyard Photo Sener

The SENER engineering and technology Group has signed a contract with the company Hin Lee Shipyard Co., Ltd. in Zhuhai, China, for the implementation of the shipbuilding CAD/CAM System FORAN, developed by SENER. After the evaluation of different ship design CAD/CAM systems


Chinese Fast Ferry Delivered

HAI QIN (Photo: Afai Southern Shipyard)

Afai Southern Shipyard (Panyu Guangzhou) Ltd.  and CoCo Yachts B.V., announced  that the first of the two  fast ferries was delivered to Zhuhai High Speed Ferry Company in late February. The vessel named HAI QIN recorded a top speed of 38.11 knots at full load on sea trials.


Pelindo III to Receive 15 Tugs in Indonesia

Image: Robert Allan

In early 2015, Robert Allan Ltd., Naval Architects of Vancouver, Canada was awarded a contract to provide four customized versions of its distinctive RAzer series designs of ASD tugboats to the Indonesia Port Corporation, “PT Pelabuhan Indonesia III (PERSERO)”


CHIC Cranes for Zvezda Shipbuilding Complex

Zvezda Far East Shipyard and Nantong COSCO Heavy Industry Co.,Ltd(CHIC) have signed a contract for the supply of 9 cranes for Zvezda shipyard in the presence of Igor Sechin, Rosneft Chairman,  Management Board Photo Rosneft

Contracts for unique equipment supplies were awarded during the visit of Rosneft Chairman of the Management Board Igor Sechin to China. Zvezda Far East Shipyard and Nantong COSCO Heavy Industry Co.,Ltd(CHIC) have signed a contract for the supply of 9 cranes for Zvezda shipyard in the presence


Disney Cruise Line Plans to Add 2 More Ships

Image: Disney Cruise Line

Walt Disney Co said it signed an agreement to build two cruise ships for its Disney Cruise Line business.   The company, which signed the agreement with the Meyer Werft shipyard in Germany, said on Thursday the ships are expected to be completed in 2021 and 2023.  


Genting Hong Kong Acquires Nordic Yards

Photo: Nordic Yards Wismar GmbH

 Cruise ship operator Genting Hong Kong Ltd is buying three shipyards in Wismar, Warnemünde and Stralsund respectively owned by German shipbuilding company Nordic Yards for $358 million to further enable its presence in the sector.    


Fincantieri Inks Cruise Repair Deal with HRDD in China

Photo: Fincantieri

Italian shipbuilding group Fincantieri and Chinese shipyard specialized in ship repair and refitting activities Huarun Dadong Dockyard (HRDD) have signed in Shanghai an exclusive cooperation agreement in the field of ship repair and conversions aimed at serving the cruise ships based in China






 
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