SHIPPING & MARINE | Staff Reporter, Singapore

Chart of the Day: Shipyard orders could reach $6b total in 2018

Analysts gauge orders worth $3b each for Keppel and Sembmarine within the year.

This chart from CGS-CIMB shows that Singapore's shipyards are poised to bounce back up after a three-year drought of orders from 2015 to 2017.

Singapore's shipyards reversed their three-year order slump as their orders in the first quarter of 2018 exceeded those in H1 2017. According to a report, the order books of Keppel and Sembmarine at end-Q1 likely stood at $4b and $3.5b for Sembmarine, excluding Sete Brasil and Borr Drilling. 

So far, Keppel has secured $580m worth of contracts, comprising a semi-submersible from Awilco (US$425m) and dual-fuel bunker tanker (more than US$15m). Sembmarine matched with a US$350m-400m hull and living EPC contract for TechnipFMC.

Within 2018, CGS-CIMB projects Keppel and Sembmarine to win a total of $3b orders each. Sembmarine is forecasted to gain further in 2019 and 2020 and have its order total rise to $3.5b.

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