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SembCorp Marine- The new Frontier.
better
Elite
25-Oct-2021 23:16     
 
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Construction of Sofia OCP progressing well at Batam yard. Btw, Heerema is SCM' s buddy. All SCM offshore platform installation jobs give to Heerema. And guess who built Sleipnir?


KenzFigee to Deliver Crane for Sofia Offshore Converter Platform

OE Staff  October 22, 2021

Artist Impression of the Sofia Offshore Wind Farm located on the Dogger Bank, UK Sector. - Credit: Kenz Figee
Artist Impression of the Sofia Offshore Wind Farm located on the Dogger Bank, UK Sector. - Credit: Kenz Figee


KenzFigee, a Dutch lifting equipment firm providing services for the offshore energy industry, will deliver an electric hydraulic Ram Luffing offshore crane for installation on the HVDC offshore converter platform for RWE' s Sofia offshore wind farm in the UK North Sea.

Under the contract signed with Iv-Offshore & Energy, KenzFigee will deliver a heavy-duty 3,000 type Ram Luffing crane, suited for harsh North Sea offshore operations. 

" With its compact and robust design coupled with a limited number of moving parts, it is an ideal low maintenance offshore crane. The crane is equipped with a 40-meter long box boom which enables personnel handling and supply boat lifts of up to Hs-5m, according to EN13852-1, and platform lifts with safe working loads from 19 to 25 tonne," KenzFigee said, without sharing the financial details of the order.

To be built at the KenzFigee facility in Zaandam, the Netherlands, the crane will be shipped to Batam, Indonesia in the first quarter of 2022. Once in Batam, Sembcorp Marine will install the crane on the High Voltage Direct Current offshore converter platform being built for Sofia Offshore Wind Farm.

The offshore converter platform, at the heart of the wind farm, comprises a 17,000-tonne topside and jacket foundation structure piled into the seabed 220 km from the nearest shore.

According to Sembcorp Marine, the offshore converter platform will be one of the most powerful and most remote offshore converter platforms ever built. 

Dutch offshore installation specialist Heerema Marine Contractors will transport and install the platform, with offshore installation works scheduled for 2024.

Heerema will install the platform using    Sleipnir, the world' s largest semi-submersible crane vessel (SSCV). The vessel has previously executed work for the  Hollandse Kust    and    Hornsea 2    offshore wind farms, and most recently, just this week,    it installed the Hornsea offshore substation topsides for Ø rsted in the UK.

The 1,4GW Sofia Offshore Wind Farm, consisting of 100 Siemens Gamesa wind turbines, each with a 14MW capacity, will generate enough energy to power 1.2 million UK homes and will be one of the largest offshore wind farms in the world when completed. Located 195 km off the North East coastline of the United Kingdom, it will also be one of the farthest from shore
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ttbanthony
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25-Oct-2021 23:05     
 
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 Alert Admin 		Better to read better posting.

Good for SCM.

KC needs to pay Equivalent cash amount to SCM for the merger. Plus the litigation fees, SCM gets KOM foc.

Ok now, KC shareholders, TH 20% nothing much to lose.

Do it in November.


Deal of the decade.

$0.124
$0.20 next

better      ( Date: 25-Oct-2021 22:04) Posted:

Both SCM and Keppel OM had already settled with Setes Brasil and the relevant authorties on the case and made the necessary provision in their books. Keppel OM was more seriously involved in the bribery and somehow had to pay fines amounting to USD422mil in end 2017.

So far, I am aware that Keppel OM has 3 outstanding lawsuits/ claims on its neck:  EIG, Awilco drilling and an unnamed party regarding a FPSO job. EIG is a third party lawsuit pertaining to investment in Setes Brasil.

SCM on the other hand has no outstanding lawsuit or claim at the moment.

naoshingo      ( Date: 25-Oct-2021 20:08) Posted:

KC lose a lot of money court cases and pay fines.....
I almost forgot about this case.
Hope the outcome will be favourable for the merger to take place soon.

Actually, SM is not that bad..
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ahbui8
Master
25-Oct-2021 22:38     
 
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 Alert Admin 		Keppel will win this lawsuit one, tomorrow Keppel share may raise instead of drop. If we are in USA, SH of SCM also can sue for our loss of investment due to the 2 RI 😜

chart_expert123      ( Date: 25-Oct-2021 22:22) Posted:

They merge soon mah. What kom gonna from sete Brazil petrobras, sembmar too mah.



ahbui8      ( Date: 25-Oct-2021 22:16) Posted:

I really bth the hate in SCM here, Keppel being sued, also got SCM problems, all the negative start bomb SCM, but at Keppel page so quiet.
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stanleytay
Master
25-Oct-2021 22:35     
 
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 Alert Admin 		Another clone of ckmpd coming out. Hilarious people

ksangks      ( Date: 25-Oct-2021 22:28) Posted:

Doom for both !

chart_expert123      ( Date: 25-Oct-2021 22:22) Posted:

They merge soon mah. What kom gonna from sete Brazil petrobras, sembmar too mah.



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ksangks
Senior
25-Oct-2021 22:28     
 
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 Alert Admin 		Doom for both !

chart_expert123      ( Date: 25-Oct-2021 22:22) Posted:

They merge soon mah. What kom gonna from sete Brazil petrobras, sembmar too mah.



ahbui8      ( Date: 25-Oct-2021 22:16) Posted:

I really bth the hate in SCM here, Keppel being sued, also got SCM problems, all the negative start bomb SCM, but at Keppel page so quiet.
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stanleytay
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25-Oct-2021 22:26     
 
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 Alert Admin 		Where is ckmpd? Suddenly disappear . Haha.

chart_expert123      ( Date: 25-Oct-2021 22:22) Posted:

They merge soon mah. What kom gonna from sete Brazil petrobras, sembmar too mah.



ahbui8      ( Date: 25-Oct-2021 22:16) Posted:

I really bth the hate in SCM here, Keppel being sued, also got SCM problems, all the negative start bomb SCM, but at Keppel page so quiet.
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stanleytay
Master
25-Oct-2021 22:23     
 
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 Alert Admin 		Hahahah... another joker spinning stories

weekaykee      ( Date: 25-Oct-2021 21:36) Posted:

Confirmed no merger now unless both want to bring down each other. With no merger, outlook even more bleak for SMM. 4 cts on the way.

chart_expert123      ( Date: 25-Oct-2021 20:21) Posted:

EIG lawsuit case is for Sete petrobras corruption case.

Whatever keppel gonna, sembmar also gonna.

In fact, keppel Corp had closed the issue with petrobras but still leave this lawsuit as outstanding.

Sembmar so far no update at all.

Sigh.... Singapore is really charm. Gonna blackmai
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chart_expert123
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25-Oct-2021 22:22     
 
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Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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 Alert Admin 		They merge soon mah. What kom gonna from sete Brazil petrobras, sembmar too mah.



ahbui8      ( Date: 25-Oct-2021 22:16) Posted:

I really bth the hate in SCM here, Keppel being sued, also got SCM problems, all the negative start bomb SCM, but at Keppel page so quiet.
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stanleytay
Master
25-Oct-2021 22:21     
 
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 Alert Admin 		Hahaha.. whats new? Ckmpd, chart expert keep promoting KC. Now kena lawsuit. I dont know should pity KC shareholders anot.

ahbui8      ( Date: 25-Oct-2021 22:16) Posted:

I really bth the hate in SCM here, Keppel being sued, also got SCM problems, all the negative start bomb SCM, but at Keppel page so quiet.
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ahbui8
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25-Oct-2021 22:16     
 
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 Alert Admin 		I really bth the hate in SCM here, Keppel being sued, also got SCM problems, all the negative start bomb SCM, but at Keppel page so quiet.
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better
Elite
25-Oct-2021 22:04     
 
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 Alert Admin 		Both SCM and Keppel OM had already settled with Setes Brasil and the relevant authorties on the case and made the necessary provision in their books. Keppel OM was more seriously involved in the bribery and somehow had to pay fines amounting to USD422mil in end 2017.

So far, I am aware that Keppel OM has 3 outstanding lawsuits/ claims on its neck:  EIG, Awilco drilling and an unnamed party regarding a FPSO job. EIG is a third party lawsuit pertaining to investment in Setes Brasil.

SCM on the other hand has no outstanding lawsuit or claim at the moment.

naoshingo      ( Date: 25-Oct-2021 20:08) Posted:

KC lose a lot of money court cases and pay fines.....
I almost forgot about this case.
Hope the outcome will be favourable for the merger to take place soon.

Actually, SM is not that bad...

ttbanthony      ( Date: 25-Oct-2021 19:28) Posted:

KOM litigation news. It means SCM can merge with it at bargaining power power? A few hundred million potential damages and will make the value cheaper for KOM.

Btw, funds enough for 2022. No apparent rights issue next year. Some projects gaining delivery fruition. Cash coming in.

Let it drop. I will continue accumulating?



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ttbanthony
Veteran
25-Oct-2021 22:01     
 
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 Alert Admin 		We will see.
Let Better comment. He offers another views.
You are the leftist.

chart_expert123      ( Date: 25-Oct-2021 22:01) Posted:

Keppel so transparent to deal with problems. Sembmar wait till thing burst then announce

chart_expert123      ( Date: 25-Oct-2021 21:59) Posted:

😅 😅 😅 you forgot sembmar also gonna sued by same party for same Sete petrobras corruption for compensation😅 😅 😅
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chart_expert123
Master
25-Oct-2021 22:01     
 
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Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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 Alert Admin 		Keppel so transparent to deal with problems. Sembmar wait till thing burst then announce

chart_expert123      ( Date: 25-Oct-2021 21:59) Posted:

😅 😅 😅 you forgot sembmar also gonna sued by same party for same Sete petrobras corruption for compensation😅 😅 😅

ttbanthony      ( Date: 25-Oct-2021 21:54) Posted:

This is good news for SCM.
KC desperate to decouple KOM with SCM.
SCM should get it cheap and probably KC needs to pay SCM to do the merger.



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chart_expert123
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25-Oct-2021 21:59     
 
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Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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 Alert Admin 		😅 😅 😅 you forgot sembmar also gonna sued by same party for same Sete petrobras corruption for compensation😅 😅 😅

ttbanthony      ( Date: 25-Oct-2021 21:54) Posted:

This is good news for SCM.
KC desperate to decouple KOM with SCM.
SCM should get it cheap and probably KC needs to pay SCM to do the merger.



chart_expert123      ( Date: 25-Oct-2021 21:51) Posted:

https://www.businesstimes.com.sg/companies-markets/keppel-offshore-marine-sued-for-over-us800-million-in-us-over-investment-loss



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ttbanthony
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25-Oct-2021 21:54     
 
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 Alert Admin 		This is good news for SCM.
KC desperate to decouple KOM with SCM.
SCM should get it cheap and probably KC needs to pay SCM to do the merger.



chart_expert123      ( Date: 25-Oct-2021 21:51) Posted:

https://www.businesstimes.com.sg/companies-markets/keppel-offshore-marine-sued-for-over-us800-million-in-us-over-investment-loss



chart_expert123      ( Date: 25-Oct-2021 20:21) Posted:

EIG lawsuit case is for Sete petrobras corruption case.

Whatever keppel gonna, sembmar also gonna.

In fact, keppel Corp had closed the issue with petrobras but still leave this lawsuit as outstanding.

Sembmar so far no update at all.

Sigh.... Singapore is really charm. Gonna blackmai
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chart_expert123
Master
25-Oct-2021 21:53     
 
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Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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 Alert Admin 		? Who confirmed? Surely merged by next year and bring down the business scale.

weekaykee      ( Date: 25-Oct-2021 21:36) Posted:

Confirmed no merger now unless both want to bring down each other. With no merger, outlook even more bleak for SMM. 4 cts on the way.

chart_expert123      ( Date: 25-Oct-2021 20:21) Posted:

EIG lawsuit case is for Sete petrobras corruption case.

Whatever keppel gonna, sembmar also gonna.

In fact, keppel Corp had closed the issue with petrobras but still leave this lawsuit as outstanding.

Sembmar so far no update at all.

Sigh.... Singapore is really charm. Gonna blackmai
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chart_expert123
Master
25-Oct-2021 21:51     
 
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Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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 Alert Admin 		https://www.businesstimes.com.sg/companies-markets/keppel-offshore-marine-sued-for-over-us800-million-in-us-over-investment-loss



chart_expert123      ( Date: 25-Oct-2021 20:21) Posted:

EIG lawsuit case is for Sete petrobras corruption case.

Whatever keppel gonna, sembmar also gonna.

In fact, keppel Corp had closed the issue with petrobras but still leave this lawsuit as outstanding.

Sembmar so far no update at all.

Sigh.... Singapore is really charm. Gonna blackmail

naoshingo      ( Date: 25-Oct-2021 20:08) Posted:

KC lose a lot of money court cases and pay fines.....
I almost forgot about this case.
Hope the outcome will be favourable for the merger to take place soon.

Actually, SM is not that bad..
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weekaykee
Master
25-Oct-2021 21:36     
 
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 Alert Admin 		Confirmed no merger now unless both want to bring down each other. With no merger, outlook even more bleak for SMM. 4 cts on the way.

chart_expert123      ( Date: 25-Oct-2021 20:21) Posted:

EIG lawsuit case is for Sete petrobras corruption case.

Whatever keppel gonna, sembmar also gonna.

In fact, keppel Corp had closed the issue with petrobras but still leave this lawsuit as outstanding.

Sembmar so far no update at all.

Sigh.... Singapore is really charm. Gonna blackmail

naoshingo      ( Date: 25-Oct-2021 20:08) Posted:

KC lose a lot of money court cases and pay fines.....
I almost forgot about this case.
Hope the outcome will be favourable for the merger to take place soon.

Actually, SM is not that bad..
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Chagatai
Veteran
25-Oct-2021 21:10     
 
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 Alert Admin 		Never Ending Sad Stories
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mrwise
Supreme
25-Oct-2021 20:58     
 
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 Alert Admin 		Looks bad....

Better stay clear of this counter!!!

Lousy counter!!
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