Sembcorp Marine's net order book hits $1.75b in Q122

Of the total net orders, $1.51b were projects under execution.

Sembcorp Marine's net order book has reached $1.75b by end of Q122, its latest business update showed.

Of the total net orders, $1.51b were projects under execution which include renewable solutions, process solutions, gas solutions, ocean living solutions, and advanced drilling rig solutions.

Amongst its renewable solutions on the pipeline is the construction of a Wind Turbine Installation Vessel (WTIV)  in collaboration with Maersk Supply Service.

Meanwhile, the remaining $0.24b of net orders were ongoing Repairs & Upgrade projects.

To further grow its order book, the company said it is "actively working on several tender opportunities in the O&M segment, as well as inquiries for offshore vessels upgrading projects." and "actively pursuing multiple tender opportunities in the offshore renewables and new energy segments."

For Q1, Sembcorp Marine was able to complete at least seven projects including the Fabrication of six production topsides and four bridges for Total Energies EP for the Tyra Redevelopment Project off the coast of Denmark.

The completion of several projects during the quarter resulted in an improved cash flow and overall cash balance for the group, bringing its net debt/equity ratio to 0.38 times at the end of 1Q2022 from 0.49 times at the end of 4Q2021.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Singapore’s new law weaves safety net for gig workers
Gig workers will be enabled to secure their retirement, benefit from improved workplace safety, and gain greater visibility within the industry.
HR & Education
Here’s how Gen Z consumer preference reshapes APAC’s marketing landscape
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst being conscious of cost and convenience.