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Latest Posts By better - Elite      About better
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16-Nov-2021 17:24 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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  SCM has long gravitated towards natural gas and they are the world No.1 yard for upograde and retrofit of LNG carrier and conversion.


Sembmarine finds its LNG niche

06 Nov 2015by  Riviera Newsletters
The Singapore yard is shoring up its status as the go-to company for LNGC repairs
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Land-scarce Singapore may not be well-suited to building large-scale LNG carriers, a segment that South Korean shipbuilders now dominate, but its strategic location at the heart of Asia&rsquo s trading routes means that it remains among the most popular ports of call for these vessels &ndash a situation that creates significant shiprepair opportunities for the island nation.


A key beneficiary is SembCorp Marine, whose Admiralty yard, previously known as Sembawang Shipyard, has cemented its position as world number one for LNG carrier repairs by vessel volume, according to  Ship and Offshore Repair Journal. Admiralty repaired and upgraded 33 LNG carriers in 2014.

Sembmarine&rsquo s client list includes LNG heavy-hitters such as BP, BG and Exmar Shipmanagement. However, it is likely to expand as more LNG owners and operators set up base in Singapore, which is positioning itself to become the top Asia-Pacific LNG trading hub.

Like South Korea, Singapore is keen to encourage the use of LNG as bunker fuel. Supporting this strategic thrust, Singapore&rsquo s Maritime and Port Authority (MPA) has extended to vessel owners US$2 million towards investment in LNG-fuelled ships, and is willing to fund up to two vessels per eligible owner or six vessels in all from three distinct owners.

However, unlike the shipyards of South Korea, Sembmarine has set its sights on repair and conversion rather than newbuildings.

With plans to expand further, having already launched a second development phase at the new Tuas Boulevard yard, Sembmarine is well-positioned to capture growing demand for repair and conversion work as the global LNG-carrier fleet expands.

Phase two of its development will add two drydocks, each measuring 255m by 52m and with 150,000 dwt of holding capacity.  Sembmarine aims to complete the marine works for this phase in the first quarter of 2017.

Tuas Boulevard is already home to a 412m-long drydock that Sembmarine claims is the longest and deepest in Asia for shiprepair.

Construction of large-scale LNG carriers may be off the table at the moment, but Sembmarine expects to continue to improve its track record in floating storage and offloading units mainly for crude production and in FLNG conversions and module fabrication and assembly for onshore LNG plants.
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16-Nov-2021 17:18 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Exactly, the demand for rigs is on the rise as long as crude oil stays above $70, evdienced by the increase in utilisation rate.

Some strange forumer said there is not much demand for crude oil when it is trading at above $80 now. 

As mentioned in their Q3 update, SCM is getting more enquiries on their partially completed setes drillships as they can be completed within a year or so.


Also, SCM has long gravitated towards natural gas and they are the world No.1 yard for upograde and retrofit of LNG carrier.

MANFREDTMK      ( Date: 16-Nov-2021 16:49) Posted:

Whatever the case, the bottom line is how utilisation and charter rates translate into the demand for drill ships. At the moment, the demand is picking up rapidly. So, you don't have to waste your time looking at so many variables, just look at the demand will do, it reflects the interaction of all the variables

MANFREDTMK      ( Date: 16-Nov-2021 16:43) Posted:

The historical charter rates for drill ships average around $180k to $550k at the rare extreme. For instance, in 2006, the average day rate is $180k. The normal range is $200k to $350k.
Your figure of $750k to $1m is highly exaggerated.
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16-Nov-2021 11:08 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		The share holding of Temasek is not updated. Obviously, the analyst just didn' t bother to do much homework.

blackpearl      ( Date: 16-Nov-2021 10:52) Posted:


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15-Nov-2021 20:30 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Noted.

weekaykee      ( Date: 15-Nov-2021 20:26) Posted:

It needs 2.5b contracts to break even. Right now they have 1.4b worth of contracts on hand. So confirmed losses till end of 2022 and if the losses amount to the same quantum as 2021, they will be begging for money by Oct 2022.

Maybe hope and prayers can indeed bring in the huge contracts and catapult SMM to 30 cts.

ckmpd1      ( Date: 15-Nov-2021 16:34) Posted:

These showed market sentiments and customer confidence in SMM.  O& M is a very tight industry and the reputation of a company precedes its contracts.  It will be wise to look at how many big contracts SMM can garner by Mar 2022.

If no contract by Mar 2022, SHs need to be concerned.  We can all hope for the best but nothing beats solid profits and big contract
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15-Nov-2021 15:08 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 1 		Collected a small bunch at 8.7  to see who is selling.

Filled Details

Filled Quantity @ Price Date (Market Time) Counter Party
350000 SGD 0.08700 15/11/2021 CIMB

I expect prices to stay below 9 for the next month or so and hope to buy another bunch at 8+ in 1-2 weeks time......unless some mega contracts are announced in the interim.
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14-Nov-2021 19:56 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Thank goodness, you are finally starting to get it. Just like SIA post rights. $3 to... and more. Green is the new gold.

share456      ( Date: 14-Nov-2021 19:49) Posted:

SCM price is expected to go higher as it incur more losses and right issues.
With no contract win, the share price will soar higher.
With late delivery and shortage of workers, projects will become more profitable.
 

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14-Nov-2021 12:44 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		UOB analyst report for SCM is out on sginvestors. Key takeaway: SCM bidding for projects worth over $10billion. Higher intetest on partially completed Setes drillships. Mgt confirmed no need for further fund raising. More upgrade and retrofit contracts on the way. Labour shortage easing as MOM has opened the border for India foreign workers.
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12-Nov-2021 22:08 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		would be cash flow positive by next Jan.  As non of their projects were cancelled, the expected cash collection upon project completion and delivery was simply delayed.

 

investshare      ( Date: 12-Nov-2021 21:50) Posted:

Hi what is its cash burn rate?

better      ( Date: 12-Nov-2021 21:04) Posted:

Pro forma gearing would be 0.29x if they use all the S$1.5 bil rights money to pay down debt.


They used S$430 million shortly after rights issue to pay off a creditor who was hot on their heels. The rest they are keeping for working capital.


Therefore, the gearing is 0.4x as mentioned in Q3 update
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12-Nov-2021 21:04 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Pro forma gearing would be 0.29x if they use all the S$1.5 bil rights money to pay down debt.


They used S$430 million shortly after rights issue to pay off a creditor who was hot on their heels. The rest they are keeping for working capital.


Therefore, the gearing is 0.4x as mentioned in Q3 update.

MANFREDTMK      ( Date: 12-Nov-2021 19:31) Posted:

Gearing actually 0.25. How to go bankrupt, right?

better      ( Date: 12-Nov-2021 19:19) Posted:

Key words:

Buy
Target S$0.11
new contracts
gearing fallen to 0.4x
 
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12-Nov-2021 19:19 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Key words:

Buy
Target S$0.11
new contracts
gearing fallen to 0.4x
 

rlong8288      ( Date: 12-Nov-2021 18:32) Posted:

Sembcorp Marine &ndash 3Q21: Buy for the outlook which has improved in the past few months.
(SMM SP/BUY/S$0.082/Target: S$0.11)
While the company continues to guide for a poor  2H21, this should not be news to the market. Overall, SMM&rsquo s 3Q21 had a number of positives including new R& U contracts, and that order visibility has improved across all segments. As at end3Q21 and post its S$.15b rights issue, its gearing had fallen to 0.4x. Maintain BUY. Target price: S$0.11&hellip  

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12-Nov-2021 15:45 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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Order Status

Auto Refresh
OnOff


Display status of orders

This page displays current orders. To check your past orders, please go to  Order History.
 
All Orders  S51 
Symbol Stock Name/
Transaction ID		 Market Action Quantity Price Settlement
Mode		 Filled
Quantity		 Filled
Price		 Outstanding
Quantity		 Status Order Date/Time More Action
S51 SEMBCORP MARINE 20211112000011870 SG Buy 350,000 SGD
0.08300		 Cash -   350,000 Queuing 12/11/2021 03:40:51 PM
 
S51 SEMBCORP MARINE 20211111000014894 SG Buy 350,000 SGD
0.08200		 Cash -   350,000 Queuing 11/11/2021 10:39:49 PM
 

My buy order at 8.2 from yesterday looking very lonely. Added another buy order at 8.3    see whether got any last minute married deal sell down.
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12-Nov-2021 12:57 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		A someone repeatedly ask everybody to short sell at 8 cents. Now he said he himself ONLY short sell when it was 8.9 cents.

MANFREDTMK      ( Date: 12-Nov-2021 12:50) Posted:

Don't envy them making money. Talk so much, but have no guts to short

Trader1987      ( Date: 12-Nov-2021 12:47) Posted:

This thread for leisure only, no need take it to heart. Most, if not all, of the longist of this is lose money one. Maybe only < 1% who bought 0.078-0.083 makes money, provided if sell now. Many years later, may pour in more money, that' s all.
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12-Nov-2021 11:54 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		The real Shortist is a wall street shark, Goldman Sach, JP Morgan, Morgan Stantel or the like. The spammers here are the runners of the runner of the runner of the Shortist. My estimate is that the Shortist is short 1-2 billion shares at average of about 11 cents.

dcproperty      ( Date: 12-Nov-2021 10:56) Posted:

No, I really think they (he) are (is) in. Maybe shorted heavily. That' s why need to bad mouth so aggressively

MANFREDTMK      ( Date: 12-Nov-2021 10:45) Posted:

They talk only lah, but actually none of them dare to short. Like you mentioned, post your short position to convince us, none has any to post at all. Not even one single post. At the very least, BETTER posted his Long position.
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12-Nov-2021 09:27 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Interesting to know. Do keep us posted on the MAs as and when they become relevant. Heavily vested.

tbooncho888      ( Date: 12-Nov-2021 09:23) Posted:

SM is now above its day MA60, and its day MA200 is ard 0.124, it will thus go towards that and clear it in due course....no amount of ghost story humtum analysis or shouting is going to bend the MA60 line so easily....it is the collective input of the human traders and trading machines that will dictate the ma line
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12-Nov-2021 09:09 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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Vito hull and topsides connected

Nov. 12, 2021
Sembcorp Marine&rsquo s Tuas Boulevard Yard has completed the load-out and tandem lift of the topsides structure for Shell&rsquo s Vito FPU project in the US Gulf of Mexico
(Courtesy Sembcorp Marine)
 
Tandem lift of the Vito topsides structure onto the FPU hull by a pair of goliath cranes.
Tandem lift of the Vito topsides structure onto the FPU hull by a pair of goliath cranes.

Offshore staff


SINGAPORE  &ndash   Sembcorp Marine&rsquo s Tuas Boulevard Yard has completed the load-out and tandem lift of the topsides structure for  Shell&rsquo s Vito FPU project  in the  US Gulf of Mexico.

Following load-out, the topsides structure was transported via the yard&rsquo s heavy-lift vessel  Elite Prosperity  and lifted onto the FPU hull using two goliath cranes with a combined lifting capacity of 30,000 metric tons (33,069 tons) and a 100-m (328-ft) hook height.

Sembcorp&rsquo s Brazilian yard Estaleiro Jurong Aracruz is performing modification and integration work on the  FPSO  P-71, which will be deployed at  Petrobras&rsquo Itapu field  offshore Brazil. The vessel is due to be delivered in 4Q 2022.

The group is also continuing with pre-FID work on the circular  Cambo FPSO  which Siccar Point Energy aims to deploy west of Shetland. Sembcorp anticipates FID will follow soon
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11-Nov-2021 18:10 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Roger.  I would let you do your work for awhiile.....money not easy to earn nowadays.

Chagatai      ( Date: 11-Nov-2021 17:36) Posted:

Change shift
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11-Nov-2021 17:35 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Finally, taking over from  CE_123 and SS.

Chagatai      ( Date: 11-Nov-2021 17:25) Posted:

I will queue at 4c it is better

better      ( Date: 11-Nov-2021 17:14) Posted:

Would queue tonight to buy a small bunch at 8.2 tomo see whether can get
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11-Nov-2021 17:14 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Would queue tonight to buy a small bunch at 8.2 tomo see whether can get.

MANFREDTMK      ( Date: 11-Nov-2021 16:59) Posted:

I think it's more prudent to wait till Tuesday to buy

beng1102      ( Date: 11-Nov-2021 16:30) Posted:

All who bought at 8c are already in the money.  Let see if the same massive share dump would happen this market closing time.  If no then we can expect price to close up
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11-Nov-2021 15:16 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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x 0 		Please forgive this guy. He kana burnt too badly by Keppel corp. From $10+ 10+ years ago until now less than half. Poor chap...what stock market can do to some people.

chart_expert123      ( Date: 11-Nov-2021 14:54) Posted:

What SCM facing now is exactly what Shipyards in Europe facng 10-15 years ago.

They are no longer the cost effective, labour effective preferred yard.

There are still shipyards in Europe survive well like Keppel O& M now.

So, We may only require 1 shipyard company in singapore, she will be Keppel O& M.

ckmpd1      ( Date: 11-Nov-2021 13:52) Posted:

SMM has been stating their problems clearly and openly.  Yet some investors choose to close an eye to the truth and expect SMM to defeat the 1st and 2nd companies to win billion dollar contracts.

SMM is just laying the ground for them to give excuses when the sky fall
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11-Nov-2021 11:38 Seatrium   /   SembCorp Marine- The new Frontier.       Go to Message
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Big lift: meeting of the Shell Vito FPU hull and topsides at Sembcorp' s Tuas Boulevard Yard in SingaporePhoto: SEMBCORP MARINE


This is very important milestone as Sembmarine is bidding for more than one Psi20k Semi new builds at the Gulf of Mexico.

With its experience in psi20k technology completing Transocean Titan and building Shell Vito/ Whale, and their 30 ton lifting capacity Goliath crane, SCM is well placed for the bids.


In the meantime, we have Cambo' s FID by end of the year, Napant in Q1 and Darodo in  Q2.  Timing just nice as SCM  do not have the manpower to start a mega proj\ect until around March next year.


 
 
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