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 October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Newport News Shipbuilding Converts to Natural Gas

Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has converted its steam-generation plant from heavy fuel oil, also known as Bunker C,

French President Inaugurates CMA CGM’s New Mega Ship

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other

Wärtsilä 31 Engine for Aker ARC 124 Icebreaker

The recently introduced Wärtsilä 31 engine, which has been acknowledged by Guinness World Records as being the world's most efficient four-stroke diesel engine,

Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar 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: 0.1209 sec (8 req/sec)