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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


Wight Shipyard Boss Buys Stake in AMC

(Photo: AMC)

 Wight Shipyard Co Ltd (WSC) boss Peter Morton has purchased a stake in Aluminium Marine Consultants (AMC) and takes his place on the board, securing the Isle of Wight boat build business well into the future.   AMC Commercial Director, Rob Stewart, said


Cochin Shipyard Spreads its Wings

Nitin Gadkari, Indian  Shipping Minister. Photo: PIB

 After successfully completing its initial public offer (IPO) recently, India's Cochin Shipyard Ltd (CSL) has lined up expansion projects. The IPO's proceeds will be utilised to fund these expansions.   The PTI reported that CSL is now setting sail to newer shores as it looks to set up


FueLNG Completes First Commercial LNG Bunkering in Singapore

FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore by completing truck-to-ship bunkering for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo.


FueLNG Completes First Commercial LNG Bunkering in Singapore

Photo: Keppel Corporation Limited.

 FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore by completing truck-to-ship bunkering for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo.  


SLNG Terminal Performs Small Scale LNG Reload First Time

Photo: Singapore LNG Corporation Pte Ltd (SLNG)

 Singapore LNG Corporation Pte Ltd (SLNG) has successfully performed its first small scale Liquefied Natural Gas (LNG) Gas-Up/Cool-Down and Reload at its Terminal on Jurong Island.    The operation was carried out from 18-20 June 2017 for the newly built, 6,500m3, Cardissa


Keppel Bags $85 Mln Conversion and Repair Projects

Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), won four contracts worth a total of $85 million for the conversion, repair and modification of vessels.  


Keppel to Deliver World's First Converted FLNGV

Photo: Keppel Offshore & Marine

 Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), will soon deliver the world's first converted Floating Liquefaction Vessel (FLNGV) owned by Golar Hilli Corporation (Golar), a subsidiary of Golar LNG Ltd.  


BIMCO, Shipdex Joins for Data Digitalization

Photo: BIMCO

 BIMCO and Shipdex have signed an agreement to support the development and exchange of technical and logistic data across the shipping community, and to include BIMCO as an executive member of Shipdex steering committee.   The agreement was signed at BIMCO Head office


ABS, Industry Partners to Advance Autonomous Shipping

Photo: ABS

ABS joined the Unmanned Cargo Ship Development Alliance to work with industry partners, including class organizations, shipyards, equipment manufacturers and designers to advance autonomous shipping. The design will integrate features of independent decision-making, autonomous navigation


d'Amico Tankers Updates Ship Sales and Purchases

Photo: ​ d’Amico ​Società di Navigazione SpA

 In January 2017, d’Amico Tankers sold MT High Endurance and MT High Endeavour, two 46,992 dwt medium-range product tanker vessels, built in 2004 by STX, South Korea, to Sea World Tankers a client of Sea World Management SAM, for a consideration of US$ 13.5 million each.   


Cochin Shipyard's $231 Mln IPO Subscribed Over 76 Times

Cochin Shipyard Ltd's initial public offering, which aims to raise up to 14.68 billion rupees ($231 million), was subscribed more than 76 times on the last day of the sale on Thursday, indicating strong interest in the state-run shipbuilder.


New Tug Series from Robert Allan, Cheoy Lee

(Image: Robert Allan Ltd.)

Canadian naval architecture firm Robert Allan Ltd. and Chinese shipbuilder Cheoy Lee Shipyards have rolled out the RAmparts 2500-CL, an exclusive new tug series being built by Cheoy Lee.   The new tug series is an evolution of Robert Allan Ltd


Euploia Drydocks Joins Pompe Garbarino

Photo: Euploia Drydocks & Services

 Euploia Drydocks & Services Ltd signed a collaboration agreement with Pompe Garbarino S.P.A.. Euploia Drydocks and Services Ltd wish to broaden professional horizons by representing Exclusively in Greece one of the most well-established companies in the field of centrifugal and positive


Cochin Shipyard Shares Jump After $225 mln IPO

Shares in India's Cochin Shipyard Ltd rose more than 20 percent on their trading debut on Friday after the state-run company's 14.42 billion rupees ($224.7 million) initial public offering.   The stock was trading at 528.15 rupees by 0432 GMT, 22


Meyer Turku Boosts Shipyard Investment

(Photo: Meyer Turku)

Meyer Turku shipyard said it will more than double its investments from €75 million ($89.6 million) to €185 million ($221 million) as it aims to boost steel production to fulfill its record order book stretching into 2024. The investments include a new plate cutting line






 
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