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Rare Gem,Proposed Special 7.5 cents Dividend

masoner
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17-May-2018 19:43     
 
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 Alert Admin 		oil break $80
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ysh2006
Supreme
17-May-2018 13:28     
 
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 Alert Admin 		Chief Ops Officer run road dead cat bound ?

qtrinity      ( Date: 16-May-2018 16:13) Posted:

If we follow the sector of ship repairs, yes, this COO' s portfolio isnt doing well since 2016.

I believe he was sacked for poor performance.

chenkhoon      ( Date: 16-May-2018 13:28) Posted:

Sound like kena kick out one
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qtrinity
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16-May-2018 16:13     
 
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 Alert Admin 		If we follow the sector of ship repairs, yes, this COO' s portfolio isnt doing well since 2016.

I believe he was sacked for poor performance.

chenkhoon      ( Date: 16-May-2018 13:28) Posted:

Sound like kena kick out one.

qtrinity      ( Date: 15-May-2018 18:57) Posted:



SEMBCORP Marine (SembMarine) announced on Tuesday evening that chief operating officer (COO) Ong Poh Kwee has left the company some two-and-a-half months shy of three years in his current position, having been appointed COO on July 1, 2015.

The company and Mr Ong - who still holds some 894,688 SembMarine shares - have mutually agreed to part ways, SembMarine said in an exchange filing.

Mr Ong oversaw group operations, including production and global supply chains.

" The board and management thank Mr Ong for his services, and wish him success in his future endeavours," the company said.

SembMarine' s counter ended Tuesday trading at S$2.21, down 0.45 per cent or S$0.01 before the announcement was made.


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Observers
Elite
16-May-2018 14:09     
 
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 Alert Admin 		If they can double this to a 80 year hull lifespan, then having a permanent mailing address in the open seas may not seem too far fetch in the fore " seable" future.

qtrinity      ( Date: 09-May-2018 17:16) Posted:

Sembcorp Marine completes world&rsquo s first Floating Storage and Offloading vessel with a 40-year hull lifespan

  • FSO Ailsa sets sail for the Culzean field in the UK North Sea next month with a hull lasting twice as long as the normal hull lifespan of other newbuild FSOs
  • The vessel will operate 25 years continuously without dry-docking
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chenkhoon
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16-May-2018 13:28     
 
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 Alert Admin 		Sound like kena kick out one.

qtrinity      ( Date: 15-May-2018 18:57) Posted:



SEMBCORP Marine (SembMarine) announced on Tuesday evening that chief operating officer (COO) Ong Poh Kwee has left the company some two-and-a-half months shy of three years in his current position, having been appointed COO on July 1, 2015.

The company and Mr Ong - who still holds some 894,688 SembMarine shares - have mutually agreed to part ways, SembMarine said in an exchange filing.

Mr Ong oversaw group operations, including production and global supply chains.

" The board and management thank Mr Ong for his services, and wish him success in his future endeavours," the company said.

SembMarine' s counter ended Tuesday trading at S$2.21, down 0.45 per cent or S$0.01 before the announcement was made.

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qtrinity
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15-May-2018 18:57     
 
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SEMBCORP Marine (SembMarine) announced on Tuesday evening that chief operating officer (COO) Ong Poh Kwee has left the company some two-and-a-half months shy of three years in his current position, having been appointed COO on July 1, 2015.

The company and Mr Ong - who still holds some 894,688 SembMarine shares - have mutually agreed to part ways, SembMarine said in an exchange filing.

Mr Ong oversaw group operations, including production and global supply chains.

" The board and management thank Mr Ong for his services, and wish him success in his future endeavours," the company said.

SembMarine' s counter ended Tuesday trading at S$2.21, down 0.45 per cent or S$0.01 before the announcement was made.
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john_ric
Supreme
15-May-2018 09:15     
 
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 Alert Admin 		Flat......
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qtrinity
Senior
14-May-2018 19:47     
 
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 Alert Admin 		Moving up strong.
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chenkhoon
Senior
11-May-2018 12:37     
 
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 Alert Admin 		I will unload at 2.28 ... 2 cents before u

masoner      ( Date: 09-May-2018 19:13) Posted:

bought bit , waiting for to unload 2.30
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masoner
Member
09-May-2018 19:13     
 
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 Alert Admin 		bought bit , waiting for to unload 2.30
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qtrinity
Senior
09-May-2018 17:16     
 
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Sembcorp Marine completes world&rsquo s first Floating Storage and Offloading vessel with a 40-year hull lifespan

  • FSO Ailsa sets sail for the Culzean field in the UK North Sea next month with a hull lasting twice as long as the normal hull lifespan of other newbuild FSOs
  • The vessel will operate 25 years continuously without dry-docking
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qtrinity
Senior
09-May-2018 17:10     
 
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 Alert Admin 		https://www.sembmarine.com/2018/05/09/sembcorp-marine-completes-worlds-first-floating-storage-and-offloading-vessel-with-a-40-year-hull-lifespan/
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wehuattogether88
Supreme
09-May-2018 11:38     
 
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 Alert Admin 		SM awakened from sleep, up 7cents, now at 2.16
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smoothsailing
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29-Apr-2018 16:34     
 
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 Alert Admin 		https://research.sginvestors.io/2018/04/sembcorp-marine-dbs-research-2018-04-26.html

More or less agree w DBS research analyst Pei Hwa. It' s good to be aware of negative margins, but more contract wins will almost surely turn this around.

One point: Given that sembmarine n Shell n others r still negotiating n haven' t finalized the contract figures, it would be suicidal if Sembmarine were to boast of good margins at this time. Like that all clients will say, build for me cheaper. It' s alrdy very cheap, build prices r down like 30% of more n this being early stages, the clients hv the pricing advantage. But if more contracts r won, expect margins to improve, and also as work progresses AFTER the contract prices r finalized, margins may suddenly get better. That' s how it goes in the building industry.

My strategy is to accumulate SMM on dips in 2018 with a view to selling away in 2019. I' ve noticed that almost all the oil majors like Shell, BP, ENI, Total, etc have made strong recoveries in their share prices. Many hitting multi-year highs. XOM not so good cos they haven' t managed the cycle in a way that investors like. Even the frackers like Continental, all hit new highs. Now the drillers like Transocean r starting up, n hitting last year' s highs. SMM, as a builder, not a producer or driller, will be later in this trend, as management has communicated. I believe in 2019, if market doesn' t crash, SMM will be much higher than these prices.

Last year, there was fear that SMM would not be viable as a going concern, it would be destroyed by a keppel-like penalty, it would be merged away into Keppel, sold away by SembcorpInd to foreigners, etc etc. It' s come some way since then.


 
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jack2906
Veteran
29-Apr-2018 11:28     
 
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 Alert Admin 		This old good news already no effect to the share price...
Let see it drop below 2

ysh2006      ( Date: 29-Apr-2018 07:55) Posted:

Last year talk until this year....analysts sleeping loh....

smoothsailing      ( Date: 28-Apr-2018 22:23) Posted:

Positive news for SembMarine if $1.7 bil Shell Vito project win is true

By: 
PC Lee
25/10/17, 11:21 am


SINGAPORE (Oct 25): UOB KayHian is keep its ratings for Sembcorp Marine unchanged for now despite reports the yard had won the Shell Vito project.

No formal value was provided in the reports but total contract value is estimated at US$1.25 billion ($1.7 billion).

The latest win should bring SembMarine' s pipeline of project secured for 2018 to between $1.2 billion and 1.9 billion, says UOB.

&ldquo Positive catalysts outweigh downside risks and we maintain ' buy' with unchanged target price of $1.90,&rdquo says lead analyst Foo Zhi Wei in a Monday report.

According to  Upstream  newspaper, SembMarine has been confirmed as the winner of the Shell Vito production semisubmersible for both the hull and topsides, and integration contracts.

Estimated capex for the project is US$1.25 billion ($1.70 billion), according to Energy Maritime Associates (EMA).

&ldquo The fabrication and integration component is US$0.5 billion in our base case and US$1.0 billion in our bull case,&rdquo says Foo.

SembMarine had beaten expectations by securing both contracts, as industry sources had widely believed that either the South Korean and Chinese yards would secure the hull and topside project instead.

Shell has confirmed it will make final investment decision (FID) on the Vito project in early 18. Formal award will likely be announced then, despite the fact that it is understood that SembMarine and Shell have already started planning for the project. Vito is currently planned for a 2021 startup, so earliest delivery is likely to be in 2020.

&ldquo Combined with SeaOne&rsquo s likely award in 2018, our contract win for 2018 is implied at $1.2 billion in the base case and $1.9 billion in the bull case,&rdquo adds Foo.

In any case, Foo says the development represents a positive for SembMarine&rsquo s share price and sensitivity analysis points to a target price of at least $2.00 based on UOB&rsquo s P/B-ROE relationship. This assumes SembMarine does get US$1.0 billion Poly-GCL contract, with supposed FID in Oct 17.

&ldquo No change to estimates for now. We keep our estimates unchanged for now, as we await details on the actual size of the contract,&rdquo says Foo.

&ldquo Our contract win assumptions over 2017-19 are kept unchanged at $1.2 billion, $1.5 billion and $2.5 billion respectively, as we opt for a review closer to end-17, when there will be greater clarity.&rdquo

Shares in SembMarine are up 2 cents at $1.86 or about 45 times FY17 earnings.


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ysh2006
Supreme
29-Apr-2018 07:55     
 
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 Alert Admin 		Last year talk until this year....analysts sleeping loh....

smoothsailing      ( Date: 28-Apr-2018 22:23) Posted:

Positive news for SembMarine if $1.7 bil Shell Vito project win is true

By: 
PC Lee
25/10/17, 11:21 am


SINGAPORE (Oct 25): UOB KayHian is keep its ratings for Sembcorp Marine unchanged for now despite reports the yard had won the Shell Vito project.

No formal value was provided in the reports but total contract value is estimated at US$1.25 billion ($1.7 billion).

The latest win should bring SembMarine' s pipeline of project secured for 2018 to between $1.2 billion and 1.9 billion, says UOB.

&ldquo Positive catalysts outweigh downside risks and we maintain ' buy' with unchanged target price of $1.90,&rdquo says lead analyst Foo Zhi Wei in a Monday report.

According to  Upstream  newspaper, SembMarine has been confirmed as the winner of the Shell Vito production semisubmersible for both the hull and topsides, and integration contracts.

Estimated capex for the project is US$1.25 billion ($1.70 billion), according to Energy Maritime Associates (EMA).

&ldquo The fabrication and integration component is US$0.5 billion in our base case and US$1.0 billion in our bull case,&rdquo says Foo.

SembMarine had beaten expectations by securing both contracts, as industry sources had widely believed that either the South Korean and Chinese yards would secure the hull and topside project instead.

Shell has confirmed it will make final investment decision (FID) on the Vito project in early 18. Formal award will likely be announced then, despite the fact that it is understood that SembMarine and Shell have already started planning for the project. Vito is currently planned for a 2021 startup, so earliest delivery is likely to be in 2020.

&ldquo Combined with SeaOne&rsquo s likely award in 2018, our contract win for 2018 is implied at $1.2 billion in the base case and $1.9 billion in the bull case,&rdquo adds Foo.

In any case, Foo says the development represents a positive for SembMarine&rsquo s share price and sensitivity analysis points to a target price of at least $2.00 based on UOB&rsquo s P/B-ROE relationship. This assumes SembMarine does get US$1.0 billion Poly-GCL contract, with supposed FID in Oct 17.

&ldquo No change to estimates for now. We keep our estimates unchanged for now, as we await details on the actual size of the contract,&rdquo says Foo.

&ldquo Our contract win assumptions over 2017-19 are kept unchanged at $1.2 billion, $1.5 billion and $2.5 billion respectively, as we opt for a review closer to end-17, when there will be greater clarity.&rdquo

Shares in SembMarine are up 2 cents at $1.86 or about 45 times FY17 earnings.

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smoothsailing
Member
28-Apr-2018 22:23     
 
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Positive news for SembMarine if $1.7 bil Shell Vito project win is true

By: 
PC Lee
25/10/17, 11:21 am


SINGAPORE (Oct 25): UOB KayHian is keep its ratings for Sembcorp Marine unchanged for now despite reports the yard had won the Shell Vito project.

No formal value was provided in the reports but total contract value is estimated at US$1.25 billion ($1.7 billion).

The latest win should bring SembMarine' s pipeline of project secured for 2018 to between $1.2 billion and 1.9 billion, says UOB.

&ldquo Positive catalysts outweigh downside risks and we maintain ' buy' with unchanged target price of $1.90,&rdquo says lead analyst Foo Zhi Wei in a Monday report.

According to  Upstream  newspaper, SembMarine has been confirmed as the winner of the Shell Vito production semisubmersible for both the hull and topsides, and integration contracts.

Estimated capex for the project is US$1.25 billion ($1.70 billion), according to Energy Maritime Associates (EMA).

&ldquo The fabrication and integration component is US$0.5 billion in our base case and US$1.0 billion in our bull case,&rdquo says Foo.

SembMarine had beaten expectations by securing both contracts, as industry sources had widely believed that either the South Korean and Chinese yards would secure the hull and topside project instead.

Shell has confirmed it will make final investment decision (FID) on the Vito project in early 18. Formal award will likely be announced then, despite the fact that it is understood that SembMarine and Shell have already started planning for the project. Vito is currently planned for a 2021 startup, so earliest delivery is likely to be in 2020.

&ldquo Combined with SeaOne&rsquo s likely award in 2018, our contract win for 2018 is implied at $1.2 billion in the base case and $1.9 billion in the bull case,&rdquo adds Foo.

In any case, Foo says the development represents a positive for SembMarine&rsquo s share price and sensitivity analysis points to a target price of at least $2.00 based on UOB&rsquo s P/B-ROE relationship. This assumes SembMarine does get US$1.0 billion Poly-GCL contract, with supposed FID in Oct 17.

&ldquo No change to estimates for now. We keep our estimates unchanged for now, as we await details on the actual size of the contract,&rdquo says Foo.

&ldquo Our contract win assumptions over 2017-19 are kept unchanged at $1.2 billion, $1.5 billion and $2.5 billion respectively, as we opt for a review closer to end-17, when there will be greater clarity.&rdquo

Shares in SembMarine are up 2 cents at $1.86 or about 45 times FY17 earnings.
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smoothsailing
Member
28-Apr-2018 22:14     
 
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SHIPPING & MARINE |  STAFF REPORTER, SINGAPORE
PUBLISHED: 06 DEC 17
2119  VIEW(S)


       

Sembmarine secures construction of Shell Vito unit



It will construct the topside and hull of the unit.

Sembcorp Marine' s (Sembmarine) subsidiary Sembcorp Marine Rigs & Floaters Pte. Ltd. signed a letter of intent (LOI) with Shell for the construction of a Vito floating production unit (FPU).

According to an announcement, Sembmarine will be in charge of the construction of the hull and the topside and the integration of the FPU.

If the project moves forward, the Vito FPU will be a new facility located in the Mississippi Canyon, approximately 150 miles south of New Orleans, Louisiana, USA, in a water depth of 4,050 ft.

Comprising a single topside module supported by a four-column semisubmersible floating hull, the Vito FPU is designed with a throughput capacity of 100,000 bpd of oil and 100 MMSCFD of gas.

The awarding of the final contract will depend on Shell and its partners sanctioning the project. 
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smoothsailing
Member
28-Apr-2018 22:12     
 
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05 Dec 2017
  Print

Sembcorp Marine and Shell Sign Letter of Intent for Construction of Hull and Topside as well as Integration of Vito Floating Production Unit



Singapore, 5 December 2017: Sembcorp Marine Ltd (the &ldquo Group&rdquo ) is pleased to announce that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters Pte. Ltd. has signed a Letter of Intent (LOI) with Shell Offshore Inc. (&ldquo Shell&rdquo ) for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU). If the project moves forward, the Vito FPU will be a new facility located in the Mississippi Canyon, approximately 150 miles south of New Orleans, Louisiana, USA, in water depth of 4,050 ft.

Comprising a single topside module supported by a 4-column semisubmersible floating hull, the Vito FPU is designed with a throughput capacity of 100,000 bpd of oil and 100 MMSCFD of gas.

Final contract award will be dependent upon Shell and its partners sanctioning the project.

The LOI is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the year ending December 31, 2017.
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beginners
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28-Apr-2018 18:50     
 
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 Alert Admin 		Especially now the president talk about Americans come first! If this can create jobs why give to others. Sembmarine likely suck thumb.

ysh2006      ( Date: 28-Apr-2018 15:10) Posted:

Only deep sea oil rig...USA can make themself not far away from home!

qtrinity      ( Date: 28-Apr-2018 15:04) Posted:

How is this related to Sembmarine?
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