,Singapore

Sembcorp Marine's orderbook hits $3.8b

Thanks to its recent US$145m deal.

Sembcorp Marine announced that it has secured hull carry over works related to the FPSO P-68 Tupi project at its Brazilian yard worth USD145m. According to RHB, it estimates its current orderbook to stand at around S$3.8b.

“As the amount of the contract falls within our expectations of orderbook replenishment, we make no changes to our earnings at this juncture,” RHB said.

Here’s more from RHB:

Carry over works for the Floating Production Storage and Offloading (FPSO) P-68. Sembcorp Marine announced that its wholly owned Brazilian subsidiary, Estaleiro Jurong Aracruz, has secured hull carry over works worth USD145m from Tupi BV for the FPSO P-68 Tupi project.

Recall that in July 2012, Tupi BV awarded Sembcorp Marine the contract for the modules construction and integration of FPSO P-68 along with FPSO P-71 worth US$674m.

We estimate Sembcorp Marine’s current orderbook to stand at S$3.8b, with projects ranging across drilling and non-drilling solutions.

YTD, the company has secured around S$265m worth of orderbook replenishment coming from the offshore platforms and floating solution segments. We estimate the company to be able to add another S$250m to its orderbook in FY17.

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!

Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
It is followed closely by the identification app SingPass.
The index tracks REITs in the APAC region with higher dividend yields and positive environmental attributes.
Both companies will create training programs to support digital entrepreneurship and digital upskilling for Grab partners.
The deal is focused on M1’s network assets. 
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
Risks, however, are present with the financial troubles faced by the real estate sector in China. 
This comes as more Singaporeans turn to gaming in the midst of the pandemic. 
Retail sector has experienced the “most disruptions” with the changing restrictions.
The company was commended for being a global and regional sector leader in five categories.
The CEO designate said he aims to drive development in the company’s business units.   Gary Ho,  who played an instrumental role in the Initial Public Offering (IPO) of Nanofilm Technologies International Limited, has been appointed Chief Executive Officer of the company.
Analysts said strong leasing activity in Q3 played a factor.
Islandwide prime retail rents saw a dip by 0.6% q-o-q. 
Jardine Cycle & Carriage, Keppel Corporation and Frasers Logistics & Commercial showed the most growth.