ST Engineering Secures $560m New Contracts in 4Q2018
ST Engineering has announced that its Marine arm has won $560m worth of new contracts in the last quarter of 2018. Fast Patrol Boats For the Singapore Police Coast GuardThe Ministry of Home Affairs has awarded ST Engineering a contract for the design, construction and maintenance of Fast Patrol Boats for the Singapore Police Coast Guard. Construction of the boats is expected to commence in mid-2019.145 MW Floating Power BargeST Engineering and Siemens have jointly received an order for a SCC-800 2X1C SeaFloat barge-mounted power plant from Seaboard Corporation subsidiary Transcontinental Capital Corporation (Bermuda) Ltd., an Independent Power Producer with operation in Dominican Republic.Under a turnkey plug and play concept…
PSA Marine to Provide LNG FSRU Services in Bangladesh
Summit Power International (SPI), Singapore, announced that its subsidiary, Summit LNG Terminal has awarded a 15-year contract to PSA Marine Bangladesh, a subsidiary of PSA Marine. Under the contract, PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel. The award of this contract marks a significant milestone for PSA Marine and commencement of a long-term partnership with SPI.
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. The LNG bunker transfer, which was carried out in batches from 22 July to 23 September 2017, was conducted in accordance with the Singapore Chemical Industry Council (SCIC) Technical Reference for LNG Bunkering (TR 56), which provides a safe, efficient and sustainable technical framework for LNG bunkering operations.
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. The LNG bunker transfer, which was carried out in batches from July 22, to September 23, 2017, was conducted in accordance with the Singapore Chemical Industry Council (SCIC) Technical Reference for LNG Bunkering (TR 56), which provides a safe, efficient and sustainable technical framework for LNG bunkering operations. This marks the first LNG trucking operation for FueLNG…
SLNG Terminal Performs Small Scale LNG Reload First Time
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, an LNG bunker vessel owned by Shell and co-financed by the European Union’s Connecting Europe Facility that will serve customers in Northwest Europe. The operation was conducted at the SLNG Terminal’s Secondary Jetty, which is originally designed to accommodate LNG vessels from 60,000m3 to 265,000m3 in size.
Singapore Launches First LNG Truck Loading Facility
Singapore LNG Corporation Pte Ltd (SLNG) and Maritime and Port Authority of Singapore (MPA) jointly launched the nation’s first Liquefied Natural Gas (LNG) Truck Loading Facility during a ceremony held on 12 April 2017, at the SLNG Terminal. The launch, which was officiated by Chief Executive Officer of SLNG, Mr John Ng, and Chief Executive of MPA, Mr Andrew Tan, marks the readiness of the facility for operations. SLNG and MPA signed a Memorandum of Understanding (MoU) at the…
Keppel, BG Group JV to supply LNG Bunkers in Singapore
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), and BG Group plc (BG Group) have been selected to supply Liquefied Natural Gas (LNG) bunker to vessels in the Port of Singapore. The joint bid submitted by Keppel O&M and BG Group for the LNG bunker supplier licence is one of the two top bids selected by the Maritime and Port Authority of Singapore (MPA). The awarding of the licence is in line with the Port of Singapore's plans to launch the LNG Bunkering Pilot Programme in 2017.
Trafigura, Singapore LNG Sign Storage Agreement
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, says: "SLNG is very pleased to off our storage and reload services to multinational commodity trading house, Trafigura. The company said earlier in the year that it had more than 180,000 m3 of storage available until the end of the year. The amount of capacity leased was not revealed.
51% Stakes of Keppel Merlimau Cogen Sold for $510 mi
Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has agreed to sell 51% stake of Keppel Merlimau Cogen Pte Ltd (KMC), which owns Keppel Merlimau Cogen Plant to Keppel Infrastructure Trust (KIT or the Trust) for a cash consideration of $510 million (KMC Transaction). The agreement was signed with Keppel Infrastructure Fund Management Pte Ltd (KIFM), in its capacity as trustee-manager of KIT. Located on Jurong Island, Singapore, Keppel Merlimau Cogen Plant is a 1…
Reclamation Of Ayer Chawan Basin, Jurong Port
During the period of reclamation of Ayer Chawan Basin, Jurong Island, Singapore –which has now been extended and will be conducted from 15 June to 14 December –bulk carriers, self-propelled barges and pusher tugs with barges in composite unit carrying bulk sand will transit the Banyan Basin, Sinki Fairway, Temasek Fairway and West Jurong Channel to Ayer Chawan Basin reclamation project area. Masters of vessels and harbour craft shall keep a proper lookout for these vessels, proceed at a safe speed and navigate with extra caution when in the vicinity of the mooring buoys off Bayan Basin, Jurong Island. There are a total of three mooring slots. The mooring and unmooring of vessels will be carried out one at a time during daylight hours between 0630 to 1800hours.
Temasek Fairway Reclamation Works, Jurong Island
During reclamation work off Temasek Fairway, West of Jurong Island, from 2 June to 1 December, bulk carriers, self-propelled barges and pusher tugs with barges in composite unit carrying bulk sand will be transiting the Temasek Fairway to West Jurong reclamation project area. Masters of vessels and harbour craft shall keep a proper lookout for these vessels, proceed at a safe speed and navigate with extra caution when in the vicinity of the mooring buoys off Temasek Fairway, Jurong Island. Mooring and unmooring of vessels will be carried out in the daylight hours (0630 to 1830hours) during reclamation work period. The following Mooring Buoys APJI2-3, APJI2-4, APJI3-5, APJI3-6 off Temasek Fairway will be deployed for mooring and unmooring of the bulk carriers.
Temasek Fairway Reclamation Works Underway
During reclamation work in Singapore off Temasek Fairway, West of Jurong Island, from June 2 to December 1, bulk carriers, self-propelled barges and pusher tugs with barges in composite unit carrying bulk sand will be transiting the Temasek Fairway to West Jurong reclamation project area, GAC said in its daily Hot Port News report. Masters of vessels and harbor craft were advised to keep a lookout for these vessels, proceed at a safe speed and navigate with extra caution when in the vicinity of the mooring buoys off Temasek Fairway, Jurong Island. Mooring and unmooring of vessels will be carried out in the daylight hours (6:30 a.m. to 6:30 p.m.) during reclamation work period.
Singapore Reclamation Work Off Temasek Fairway Revised
The working period and details of reclamation off Temasek Fairway, west of Jurong Island, have been revised. The work will now be conducted from 2 June to 1 December. Work will include reclamation, soil investigation & dredging. Dredging work will be carried out by grab dredgers. Each grab dredger will be held by 3 spuds as anchors. The dredgers, with hopper barges in attendance, will have a circular safety working zone of 50-metre radius centred at the dredgers. Dredged materials will be transported to the designated dumping ground by hopper barges. During operation, the dredgers will be attended by tug boats which will be used to shift the dredger. Soil investigation work will be carried out by means of borehole drilling using jack-up barges.
Jurong Port - Jetty construction off Stolthaven Terminal
The working period for jetty construction work at Jurong Island, off Stolthaven Terminal, has been extended. The work is now continuing until 30 September 2014. According to the Maritime and Port Authority of Singapore Port Marine Notice No. A) 1 deg. 16.518'N / 103 deg. B) 1 deg. 16.413'N / 103 deg. C) 1 deg. 16.495'N / 103 deg. D) 1 deg. 16.578'N / 103 deg. Construction of the proposed Jetty 2 will be carried out by piling barges,crane barges and working barges with the support of tug boats.
Proposed upgrading of berthing facilities at Jurong Port
Jurong Port will carry out construction work from 15 May to 15 October at Chevron Oronite Jetty Osak 4, Jurong Island. The construction activities consist of crane barge lifting, installation and tightening of the fenders. All the machinery and equipment will be demobilized after all construction work is completed. Craft involved in the works will exhibit the appropriate local and international day and night signals. required.
Separate Ship Collisions in Singapore Result in Two Spills
The Maritime and Port Authority of Singapore (MPA) reported two separate vessel collision incidents, both resulting in spills. The MPA said it received a report on January 29, at about 6:30 p.m. (Singapore Time) that the departing Hong Kong-flagged chemical tanker Lime Galaxy had collided with the arriving China-flagged containership Feihe at about 2.7 km, south of Jurong Island. Feihe reported that one of her bunker tanks sustained damage, resulting in some spillage of bunker fuel. Upon notification, MPA immediately dispatched three patrol craft to deal with the spill. Oil spill response companies were also activated to support the cleanup efforts. At about 4:10 a.m.
LNG Demand to Drive Offshore Growth in Asia
Singapore – Soaring demand for liquefied natural gas (LNG) across Asia is driving major new investments into exploration and infrastructure capabilities. This will stimulate growth in the region’s rapidly expanding offshore and marine sector, as new developments will require additional offshore assets and support services from regional players. Furthermore, due to the synergies between Asia’s gas reserves and ship-design capabilities, the region could pioneer a long-term move toward more LNG utilization to reduce vessel emissions and fuel bills of the offshore support vessels supporting these projects. However, seizing these growth opportunities and moving towards gas-powered vessels of the future…
GAC Singapore Moves to new HQ
GAC Singapore is marking the 30th anniversary of its establishment by relocating to a new head office to enable future expansion of its operations. The company, which has expanded its portfolio of services since its establishment as a ship agent in 1981, now employs 145 staff at four locations in Singapore, and is looking to expand further in 2012. An increase in business is expected as a result of a number of major infrastructural improvements in the pipeline for Singapore. These include a new LNG terminal on Jurong Island due to begin commercial operations in 2013, and the opening of Singapore's International Cruise Terminal (ICT) later this year.
Keppel Details FY 2011 Results
The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2011. The FY 2011 Report Card and the Address by Mr Choo Chiau Beng, Chief Executive Officer, are below. I am pleased to announce that 2011 was yet another record year for Keppel Corporation. Our net profit grew by 14% to a new high of nearly $1.5 billion. This is the fifth year running that our net profit has surpassed the $1 billion mark. Also for the fifth consecutive year, our Return on Equity has remained above 20%. Economic Value Added has also increased to $1,024 million for the year. With these strong results, the Board of Directors will be recommending a total distribution to shareholders of 43 cents per share for the whole year.
Chevron Oronite Aims to Expand Singapore Plant
Chevron Oronite recently confirmed that it is planning to significantly expand the capacity of its existing additives plant on Jurong Island in Singapore. Project plans include growth in component manufacturing, blending and shipping capacity and overall infrastructure to increase total supply capability for the Asia-Pacific Region. “Our Singapore plant, already the largest additives plant in the Asia Pacific region, was built to support the growing Asia Pacific market,” said Andy Tugendhat, Vice President of Sales. Chevron Oronite expects that the additional capacity realization will occur in the 2014 timeframe. The company did not disclose the amount of its investment in the project.
Petrotechnics Opens Singapore Office
Petrotechnics, the global leader in transforming the efficiency and effectiveness of frontline operations in the oil and gas industry, has announced the opening of its new office in Singapore, a move that has the potential to present more than £150million ($250million) of new business opportunities. Petrotechnics has already secured a joint contract through its channel partnership with Ara Techbis, with Shell Sabah Petroleum Company (SSPC) awarding it the £150,000 ($250,000) project following a competitive tender process.
Keppel Corp. Year End Results for 2010
The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2010. The FY 2010 Report Card and the Address by Mr Choo Chiau Beng, Chief Executive Officer, are below. The full set of financial documents for the results and the Address by Mr Teo Soon Hoe, Senior Executive Director and Group Finance Director, are attached and also available for download below. 1. Net profit before exceptional items improved 12% to S$1,419 million, compared to FY 2009's S$1,265 million. 2. Earnings Per Share of 88.7 cents, up 12% from FY 2009's 79.4 cents. 3. ROE remained above 20%. 4. Economic Value Added before exceptional items increased from S$1,026 million to S$1,035 million.
Keppel Q1 Results
1. Net profit improved 13% to S$322 million compared to 1Q09. 2. Earnings per share of 20.2 cents, up 13% from 1Q09’s 17.9 cents. 3. Annualised ROE remained above 20%. 4. Economic Value Added increased from S$211 million to S$240 million. 5. Cash outflow of S$501 million. 6. Net cash decreased from 0.14x to 0.07x. The first quarter of this year saw the global recovery gaining momentum. The latest figures indicate that the recovery in the US is gradually broadening to embrace the manufacturing and services sectors, with signs of a turnaround in the labour market. Across in Europe, while recovery seems to be tentative, there appears to be improved business confidence. Economic growth in Asia has certainly remained firm. China grew by 11.9% in the first quarter of the year.