SembMarine lands new contracts valued around S$175 million

Singapore five-dollar note Photo by Leslie Shaffer

Sembcorp Marine said on Monday it obtained new contracts valued at around S$175 million for projects including designing and building a 12,000 cubic square meter LNG bunker vessel and for repair and modernization works on 13 cruise vessels.

The LNG bunker vessel, which is the company’s first such project, will be built at Sembcorp Marine Tuas Boulevard Yard for Indah Singa Maritime, which is a subsidiary of Mitsui O.S.K. Lines, it said in a filing to SGX on Monday.

It will be 112 meters long and 22 meters wide, with two tanks, which SembMarine will fabricate under a licensing agreement with French LNG containment specialist GTT, it said.

Once it its completed, the vessel will be chartered to Pavilion Gas, which is a subsidiary of Pavilion Energy, for deployment in Singapore, SembMarine said.

The cruise ship repair and modernization projects will be handled at its Admiralty and Tuas Boulevard yards as part of a partnership with cruise brands including Carnival Cruise Line, Royal Caribbean Cruise Line, Star Cruises, Norwegian Cruise Line and Star Clippers Monaco, the filing said.

SembMarine said the latest cruise ship contracts bring its total cruise ship refits and upgrading total to 115 vessels over the past 10 years.

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