Sembcorp Marine

Broker's Calls

O&M sector could take beyond two years to recover: UOBKH

SINGAPORE (June 29): The offshore and marine (O&M) sector, which has experienced a prolonged downturn since the 2014 crash in crude oil prices, is unlikely to see a recovery any time soon.


Sembcorp Marine to raise $2.1 billion via rights issue; parent Sembcorp Industries to distribute stake in-specie to shareholders

SINGAPORE (June 8): Sembcorp Marine is launching a $2.1 billion renounceable rights issue in a bid to beef up its balance sheet.


How will the oil price plunge impact renewable energy?

SINGAPORE (April 9): Burning more fossil fuel hurts the environment, but with crude oil prices staying way below the historical peak, the lure of basic economics has stymied the pace in which renew

Covid-19 Solidarity Budget

Foreign worker levy rebates provide some relief, but retrenchments expected to spike

SINGAPORE (Apr 7): Singapore’s construction, shipyard and healthcare companies could see some relief from foreign worker levy rebates announced Monday as part of the Solidarity Budget.


Crude oil prices see double whammy from Covid-19, Opec+ spat; likely to stay low ahead

SINGAPORE (March 13): Crude oil prices have already taken a blow since the start of 2020.

Management & Corporate Governance

Brazilian authorities file money laundering, corruption charges against 2 men linked to Sembcorp Marine

SINGAPORE (Feb 3): Authorities in Brazil have filed charges against two individuals linked to Sembcorp Marine’s Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA), in connection with certain dril


Market observers shun oil and services sectors, but some locally listed names could shine

SINGAPORE (Dec 20): Saudi Arabian Oil Co (Saudi Aramco), the kingdom’s national oil corporation (NOC) and world’s biggest oil producer, had a positive debut on the Tadawul exchange.

Company in the news

Sembcorp Marine reaches settlement with Sete Brasil over drillship contracts

SINGAPORE (Oct 7): After dragging on for some two-and-a-half years, Sembcorp Marine (SembMarine) has finally reached a settlement with Sete Brasil over seven drillship contracts.

Broker's Calls

Worst is over for Singapore shipyards but still a long way to complete recovery: UOB Kay Hian

SINGAPORE (Dec 17): UOB Kay Hian is maintaining a “market weight” rating on Singapore’s shipyards, with Sembcorp Industries (SCI) as its preferred pick.


SembMarine wins renewable energy engineering contracts worth $200 mil

SINGAPORE (Oct 29): Sembcorp Marine (SMM) has won two new renewable energy engineering projects collectively worth over $200 million from Denmark’s Ørsted Wind Power as well as Norwegian shipping c

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