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SembMarine secures contract for modification work valued at $230 mil

Felicia Tan
Felicia Tan6/30/2021 11:28 PM GMT+08  • 2 min read
SembMarine secures contract for modification work valued at $230 mil
Shares in SembMarine closed 1.1 cents lower or 8.4% down at 12 cents on June 30.
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Sembcorp Marine (SembMarine) has secured an amendment contract from Tupi B.V. on June 30 valued at $175 million ($230 million).

The contract was signed by SembMarine’s wholly-owned subsidiary, Estaleiro Jurong Aracruz (EJA).

The contract will see SembMarine conduct modification work to be completed on the floating production storage and offloading (FPSO) P-71 oil and gas vessel.

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