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SembMarine's TechnipFMC win is tip of $3 bil contract iceberg expected this year: DBS

PC Lee
PC Lee3/28/2018 03:02 PM GMT+08  • 2 min read
SembMarine's TechnipFMC win is tip of $3 bil contract iceberg expected this year: DBS
SINGAPORE (Mar 28): Sembcorp Marine's TechnipFMC contract is the first major job for the rigbuilder this year.
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SINGAPORE (Mar 28): Sembcorp Marine's TechnipFMC contract is the first major job for the rigbuilder this year.

And DBS expects the order flow to be stronger than expected given the robust pipeline.

"The first major contract win this year contributes approximately 15% of our full-year expectation of $3 billion," says analyst Ho Pei Hwa in a Wednesday report.

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