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Sembcorp Marine Ltd (SCMN.SI)

SCMN.SI on Stock Exchange of Singapore

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30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Sembcorp Marine posts Q4 turnover of S$829.9 million
Wednesday, 22 Feb 2017 04:17am EST 

Sembcorp Marine Ltd : Q4 turnover S$829.9 million versus S$1.33 billion a year ago . Proposed final dividend 1.0 singapore cents per share ."Foresee an earlier recovery in demand for fixed platforms, FPSO and FSO conversions and new-builds in next few years".  Full Article

Sembcorp Marine swings to Q4 profit from year-ago loss
Wednesday, 22 Feb 2017 04:17am EST 

Sembcorp Marine Ltd : Growth prospects for offshore and marine industry remain positive in medium to long term .Q4 net profit S$34 million versus loss of S$537 million a year ago.  Full Article

Cosco Corporation(Singapore)says Sembcorp Marine to dispose 30% equity interest in Cosco Shipyard Group
Wednesday, 16 Nov 2016 05:29am EST 

Cosco Corporation (Singapore) Ltd : Has been informed that Sembcorp Marine Ltd has entered into a sale and purchase agreement to dispose of its 30% equity interest in Cosco Shipyard Group Co . Following transaction, sembcorp marine will cease to have any interest in csg except via its investments of 4.98% shareholdings in co .Agreement to dispose equity interest to china ocean shipping (group) company.  Full Article

Cosco Corporation(Singapore)says Sembcorp Marine to dispose 30% equity interest in Cosco Shipyard Group
Tuesday, 15 Nov 2016 06:59pm EST 

Cosco Corporation (Singapore) Ltd : Has been informed that Sembcorp Marine Ltd has entered into a sale and purchase agreement to dispose of its 30% equity interest in Cosco Shipyard Group Co . Following transaction, sembcorp marine will cease to have any interest in csg except via its investments of 4.98% shareholdings in co .Agreement to dispose equity interest to china ocean shipping (group) company.  Full Article

Sembcorp Marine announces disposal of interest in Cosco Shipyard Group
Tuesday, 15 Nov 2016 05:30am EST 

Sembcorp Marine Ltd : Disposal Of Interest In Cosco Shipyard Group Co., Ltd . Entered into a sale and purchase agreement with china ocean shipping . entered agreement with china ocean shipping (group) company to dispose of its 30% equity interest in cosco shipyard group . Deal for aggregate consideration of rmb1,059.23 million .Net proceeds represent a gain of approximately s$48.32 million.  Full Article

Sembcorp Marine says unit acquires LMG Marin AS
Friday, 19 Aug 2016 09:25am EDT 

Sembcorp Marine Ltd : Sembcorp Marine acquires lmg marin as) . Sembcorp Marine Integrated Yard entered into a sale and purchase agreement with its existing shareholders to acquire a 100% equity stake in Lmg Marin As . Deal for US$20 million . Acquisition is not expected to have any material impact on consolidated net tangible assets per share and earnings per share of company .  Full Article

Sembcorp Marine exec says reduced headcount by 6,000 since mid-2014
Thursday, 28 Jul 2016 06:29am EDT 

Sembcorp Marine Ltd : Exec says reduced headcount by 6,000 since mid-2014 For more news, please click here [SCMN.SI] Bengaluru Newsroom; +91 80 6749 1130.  Full Article

Sembcorp Marine posts 90 percent drop in quarterly profit
Thursday, 28 Jul 2016 03:27am EDT 

Sembcorp Marine Ltd : Q2 net profit s$11.5 million versus s$109.2 million a year ago . Q2 turnover s$908.5 million versus s$1.21 billion a year ago . Global economic growth remains subdued and uncertain . Capital investments in oil & gas are significantly down and this will continue to have a negative impact on the recovery process . 'will continue to engage Sete Brasil' . Interim dividend 1.5 Singapore cents per share . There has been no significant development since sete brasil's filing for judicial restructuring on 29 April 2016 . Group continues to rigorously optimise its manpower requirements . 1H 2016 net profit decreased due to lower contribution from rig building projects resulting from customers' delivery deferment requests . Group expects to continue to grow its order book . In discussions with customers to progress with deferred contracts . Total capex for FY 2016 is expected to be less than half that of FY 2015 . Going forward, will continue to only proceed with yard capex, while deferring non-essential capex . Looking ahead, expect conditions in offshore oil and gas sector to remain challenging in the short to medium term . Reallocation of headcounts from drilling segment to non-drilling segments continues in support of large projects.  Full Article

Sembcorp Marine says co acquires a 50 pct stake in Kanfa Aragon
Tuesday, 28 Jun 2016 07:11am EDT 

Sembcorp Marine Ltd : Sembcorp Marine acquires a 50% stake in Kanfa Aragon as) . Says acquired a 50% equity stake in Kanfa Aragon as for NOK 20 million from Sevan Marine Asa . Says the consideration will be fully paid in cash by internal funds .Acquisition is not expected to have material impact EPS of company for the year ending 31 December 2016 .  Full Article

Sembcorp Marine says unit extends standstill agreement with North Atlantic Drilling
Tuesday, 7 Jun 2016 06:15pm EDT 

Sembcorp Marine Ltd : Jurong Shipyard extends standstill agreement with North Atlantic Drilling . Standstill agreement has been extended to September 2, 2016 . During standstill period, NADL to continue to market unit for acceptable drilling contract, JSPL to have right to sell unit at acceptable price . Refers to statement on standstill agreement between North Atlantic Drilling Ltd and unit Jurong Shipyard . Refers to statement on standstill agreement for delivery of semi-submersible drilling rig, West Rigel .If no employment is secured, no alternative transaction is completed after standstill period, parties to form joint asset holding co.  Full Article

More From Around the Web

REFILE-UPDATE 1-Sembcorp Marine swings to profit in Q4, FY revenue lowest in decade

SINGAPORE, Feb 22 Singapore's Sembcorp Marine Ltd (SembMarine) swung to profit in the fourth quarter of 2016 after provisions pulled the rig builder into a loss the year earlier, but a downturn in oil prices pushed annual revenue to its lowest in a decade.