Sembcorp Marine (SembMarine)

Offshore & Marine

Sembcorp Marine unit gets up to $698.6 mil credit for facilities

SINGAPORE (June 5): Sembcorp Marine (SembMarine) says its wholly-owned subsidiary Estaleiro Jurong Aracruz Ltda (EJA) has entered into a revolving facility agreement for up to US$500 million (S$698

Broker's Calls

Analysts keeping hopes up on Sembcorp Marine despite double whammy hit

SINGAPORE (May 14): Analysts are mostly neutral on Sembcorp Marine (SembMarine), but with hopes that a restructuring within the Sembcorp-Keppel Group will help the company.

Offshore & Marine

Sembcorp Marine 'adversely affected' by oil slump and pandemic, losses to continue

SINGAPORE (May 13): Sembcorp Marine (SembMarine)’s business operations have been “adversely affected” by Covid-19.

Offshore & Marine

Sembcorp's power business struggles to ramp up even as marine unit remains a drag

SINGAPORE (March 6): About two years ago, Sembcorp Indus­tries unveiled a bold, new strategy to reduce its dependency on the oil services industry.

Offshore & Marine

SembMarine sees another year of red, but new orders momentum could improve

SINGAPORE (Mar 6): Despite an uptick in crude oil prices in 2019, a recovery in oil exploration and production activity was somewhat limited.

Broker's Calls

Sembmarine's continuing losses prompt analysts to lower forecasts, target price

SINGAPORE (Feb 21): Sembcorp Marine’s (Sembmarine) wider-than-expected loss in FY2019 ended Dec 31, coupled with an expectation of further losses this year, have prompted analysts to turn more caut

Results

SembMarine reverses into the red with 4Q net loss of $77.7 mil, expects to book losses in FY20

SINGAPORE (Feb 20): Sembcorp Marine, the engineering solutions provider to the global offshore, marine and energy industries, reported a net loss of $77.7 million for 4QFY2019 ended December, compa

Contracts

SembMarine clinches 2 offshore platform contracts worth over $550 mil

SINGAPORE (Dec 26): Sembcorp Marine, the engineering solutions provider to the global offshore, marine and energy industries, has announced the win of two new offshore platform contracts worth over

Commodities

Despite slow recovery, some locally listed O&M players outperform STI

SINGAPORE (Dec 2): Year to date, the Straits Times Index has climbed 4.8% to close at 3,215.53 points on Nov 27.

Results

SembMarine 3Q net loss widens to $52.6 mil; outlook stays bleak

SINGAPORE (Nov 13): SembCorp Marine reported a net loss for 3Q19 ended Sept on higher operating losses.

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