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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


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


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


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),


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


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


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


SembCorp Bags US$1bn Semi-sub Deal

Image: Sembcorp Marine

 Sembcorp Marine has signed an engineering and construction contract worth about US$1 billion to build the world's largest semi-submersible crane vessel for a unit of Netherlands-based Heerema Offshore Services B.V.    Scheduled for delivery in the fourth quarter of 2018


Bharati Shipyard Turns Sick, Files with BIFR

Pic: Bharati Shipyard Ltd

 Debt-laden Bharati Shipyard Ltd on Tuesday said it has filed a reference with the Board for Industrial and Financial Reconstruction (BIFR), since it has become a sick company after eroding its entire net worth.   "The Company's Net Worth as on March 31


MHI, MHPS in Consolidation Mode for Enhanced Competitiveness

Nagasaki Shipyard and Machinery Works

  Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have planned to reorganize their  their Nagasaki Shipyard & Machinery Works and Nagasaki Works respectively. The coordinated decisions are aimed at further strengthening global competitiveness


Carrier for Kansai Electric Power Named LNG FUKUROKUJU

LNG FUKUROKUJU

  Mitsui O.S.K. Lines, Ltd. today took part in a naming ceremony for the newbuilding liquefied natural gas carrier LNG FUKUROKUJU, which is co-owned by MOL and Kansai Electric Power Co., Inc. at Sakaide Works of Kawasaki Heavy Industries, Ltd.


First Damen Multi Cat 3013 Delivered to MCS

left to right Mr. Jos van Woerkum (Managing Director Damen Shipyards Hardinxveld), Mr. Menno Kuijt (Managing Director of Maritime Craft Services).

  Maritime Craft Services (Clyde) Ltd has taken delivery of its first Damen Multi Cat 3013. Based in Fairlie, Ayrshire, the Scottish company is one of the largest operators of Damen vessels in the world, with 14 in its fleet. This order also represents an important milestone for Damen as


Harris Pye Engineering, Grand Bahama Shipyard Partner

Harris Pye Engineering has announced  the recent alliance with Grand Bahama Shipyard Ltd. The two companies met in Miami at the Cruise Shipping Exhibition and discussed a working relationship earlier this year, which was continued through further discussions during OTC in Houston.


Privinvest May Buy Stake in ABG Shipyard

Photo: ABG Shipyard

 India's largest private shipbuilding company ABG Shipyard is in talks with Privinvest Holding SAL to sell stake. A report says that Privinvest is expected to acquire up to 49% stake in ABG.     A report in the ET NOW says both the companies entered into an exclusivity period for


Cosco Bags Research Ship Order

Photo credit: Cosco (Guangdong) Shipyard

 Cosco (Guangdong) Shipyard secured a contract worth over 129 million yuan ($20.8m) to build one research vessel, to be delivered in the fourth quarter of 2017.   The contract will become effective upon the receipt of letter of guarantee from the shipyard's bank.   


Oben Naki Heads to Canada

Oben Naki

Emphasising the close working relationship which exists between naval architects Robert Allan Ltd and Turkish shipbuilders Sanmar Ltd, Sanmar's Oben Naki has relocated to Vancouver BC to join the Canadian designers as contracts manager (Turkey).


Transocean Delays Drillships

Image: Transocean Ltd

 Transocean Ltd, the world’s largest offshore driller, has delayed delivery of two new ultra-deepwater drillships, the company announced.   The company amended its drillship construction contracts ($540 million each) with Jurong Shipyard, a subsidiary of Sembcorp Marine


Trafigura, Singapore LNG Sign Storage Agreement

Photo: Singapore LNG Corporation (SLNG)

 The Singapore SLNG Corporation and Commodities trading firm Trafigura have signed a storage agreement for the excess capacity within the Singapore LNG terminal on Jurong Island.   John Ng, CEO at SLNG, operator of the country's first LNG terminal


CSSC Wins 2 Survey Ships Order

The CSSC has a stronger research technique strength

  On June 16th, Shanghai Shipyard Co., Ltd. under CSSC and COSCO (Guangdong) Shipyard received 3 survey ships order. The 3 ships include 2 comprehensive physical survey ships and 1 comprehensive geophysical survey ship. The 2D six cable physical survey ship designed by the No


Technip Wins Jurong's FPSO Conversion Contract

  Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel, which is built at the Jurong Shipyard


Sanamar Launches 3 Tugs from New Yard

Photo: Sanmar

Sanmar’s new custom-built, general purpose shipyard at Altinova, Turkey, has launched three 60-metric-ton bollard pull tugs on the same day, less than five months since work first started at the yard. The trio of Bogacay Class tugs, designed by Robert Allan Ltd


GAIL to Offer Sops for Foreign Shipbuilders

Image: GAIL India

 GAIL India will offer foreign shipbuilders five years to make liquefied natural gas (LNG) carriers in India, double the time allowed to deliver ships from their home shipyards, reports Economic Times.    Report says that the company is insisting foreign shipbuilders to build in






 
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