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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


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),


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


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


ABG Ties Up with GTT for LNG Technology

Pic: ABG Shipyard

 ABG Shipyard Ltd has tied up with Gaztransport and Technigaz (GTT) of France for the maritime transportation and storage of liquefied natural gas (LNG), reports Livemint.   With this pact, ABG has become the third Indian company to secure technology collaboration to build LNG carriers


Heerema Signs LOI with Jurong Shipyard for Giant Crane Vessel

Heerema Marine Contractors: Heerema Group

Dutch offshore contractor Heerema Offshore Services has signed a letter of intent (LOI) with Sembcorp Marine’s Jurong Shipyard in Singapore for the construction of the world’s largest semi-submersible crane vessel (NSCV).  


MOL’s Coal Carrier for Tokyo Electric Power

Coal carrier Hakutaka

  Mitsui O.S.K. Lines, Ltd. today announced that the coal carrier Hakutaka, which will serve Tokyo Electric Power Company, Inc. was delivered at Mizushima Shipyard of Sanoyas Shipbuilding Corporation on March 26, 2015. The vessel jointly developed by Sanoyas Shipyard and MOL


GAC Appointed as Thorco’s Ship Agent in Singapore

The Thorco Isabella (photo courtesy of GAC)

  GAC Singapore announced today it will provide Thorco Shipping with agency services for its vessels calling at Singapore, including the loading and discharging of break-bulk and heavy lift cargoes at Jurong port.   The Copenhagen-based Thorco operates a fleet of more than 80


GAIL Tries Again for LNG Ships

Picture: GAIL (India) Limited

 India's state-owned Gail India Ltd would reissue the multi-billion dollar tender to build three massive liquefied natural gas (LNG) carriers in India with “changed norms”, reports Financial Express.   There has been news that GAIL has scrapped a tender that would have led


CSL to Supply 5 Ships to Shipping Corp, Signs Pact with IHC for Dredgers

Photo: Cochin Shipyard Ltd

 Shipping Corporation of India Ltd (SCI) will buy five vessels from Cochin Shipyard Ltd (CSL) and issue tenders for buying two used liquefied petroleum gas (LPG) carriers as it looks to re-start ship purchases that were frozen after poor financial performance


ABG Shipyard Denies Sale to L&T

Image: ABG Shipyard

 ABG Shipyard Ltd has clarified with reference to the news item appearing in the Media on March10, 2015 titled "L&T in race to buy ABG Shipyard stake".   The Bombay Stock Exchange had sought clarification from ABG Shipyard Ltd with respect to news published in ET Now that


Gail Scraps $7-billion LNG Ship Tender

Image: GAIL (India) Limited.

 Gail India Ltd has scrapped a tender that would have led to the construction of three massive liquefied natural gas (LNG) carriers at Indian shipyards.     After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any


Victoria Shipyards VP Barker to Retire

Victoria Shipyards new VP and GM, Joe ORourke (Photo courtesy of Victoria Shipyards)

Seaspan’s Victoria Shipyards announces retirement of vice president and general manager, appoints successor   Seaspan’s vice president and general manager of Victoria Shipyards Co. Ltd., Malcolm Barker, will retire Spring 2015, following more than 21 years with the company.


Papua LNG Carrier Delivered

LNG carrier Papua

  Mitsui O.S.K. Lines, Ltd., today announced the delivery of the LNG carrier Papua by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) on January 30. The Papua is the first in a series of four ships to be built by Hudong to provide LNG transportation for the PNG LNG project in Papua


Imabari to Construct Newbuilding Dry Dock

  In order to accommodate construction of Ultra-Large newbuilding vessels including recently secured 20,000TEU Mega container ships (about 400m in length and about 59m breadth), Imabari Shipbuilding Co., Ltd. has decided to construct a large newbuilding dry dock of about 600m length x 80m


MOL, Mitsui Ink Charter Deal

Courtesy  Cameron LNG

  Mitsui O.S.K. Lines, Ltd. signed a contract with Mitsui & Co., Ltd. today (January 29) to charter a new 177,000m3 liquefied natural gas (LNG) carrier. This is the third newbuilding vessel chartered by Mitsui & Co., following a contract signed last September 26 for two carriers


MOL’s Newbuilding Yahagi Maru Delivered

Shin Yahagi Maru

Mitsui O.S.K. Lines, Ltd. today announced the delivery of the coal carrier Shin Yahagi Maru, which will serve Chubu Electric Power Co., Inc. The vessel was delivered at Imari Shipyard and Works of Namura Shipbuilding Co., Ltd.  on January 22, 2015.


COSCO Gets $1.75 bln Loan to Buy Ships

China Ocean Shipping (Group) Company has received a $1.75 billion loan from the Export-Import Bank of China to buy 53 new ships, which it plans to order from Chinese shipyards, the firm said on Monday. The state-backed shipping conglomerate, which controls China COSCO Holdings Co Ltd


21 dead, 1 missing after tug sinks in Yangtze

Tug boat tragedy

  Chinese authorities have confirmed that 21 people were killed and one is still missing after a tug boat undergoing sea trials sank in the Yangtze River, the state-run Xinhua news agency reported on Saturday. The boat had 25 people on board when it sank on Thursday and three were rescued






 
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