SembCorp Unveils Plans To Save $18M/Year

Tuesday, November 09, 1999
SembCorp Industries Ltd. unveiled details of its shipyard restructuring, resulting in annual savings of $18 million from 2001 to help the group stay competitive. SembCorp will reportedly eliminate duplications in yard operations of Jurong Shipyard Ltd., Sembawang Shipyard Pte. Ltd., SembCorp Logistics and its Indonesian Karimun yard. The revamp would see SembCorp setting up three units -- JPL Services, Jurong Machinery Automation and Jurong Integrated Services -- to serve the group's yards. JPL would supply all the yards' electricity and water as well as rental of equipment and maintenance. Jurong Integrated will be involved in steel fabrication and piping works for the yards, while Jurong Machinery would provide machinery fitting and marine automation. An estimated $9 million in savings would be realized next year and a steady annual savings of $18 million from 2001. For 1998, ship repair and conversion accounted for 51 percent of Jurong's turnover while offshore works contributed 25 percent and 24 percent was generated by shipbuilding.
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Bestobell Bags HHI's Valve Order

Bestobell Marine, a world leading supplier of cryogenic valves for ships, has won a major new order from Hyundai Heavy Industries (HHI) in South Korea to supply valves for two new vessels.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1310 sec (8 req/sec)