Sembcorp Marine Celebrates with the Nation →
Sembcorp Marine Celebrates with the Nation →
MAERSK CONVINCER & HAKURYU-10 Jack-up Deliveries Blessing of FSO Queensway Sembcorp Marine Celebrates with the Nation Jul - Aug 2008
02 Jul - Aug 2008 Jurong Scores Two Semi-sub Rig Orders at US$1.205 Billion Jurong Shipyard, a wholly owned subsidiary of Sembcorp Marine, has secured contracts totalling US$1.205 billion – including a US$640 million turnkey deal from Norway’s Seadrill Limited as well as a US$565 million rig order from America’s Atwood Oceanics Pacific Limited – in the months of July and August 2008. YARD NEWS The first rig, currently under construction in Jurong Shipyard for AOPL, is a conventionally moored semi-submersible drilling unit built based on the same Friede & Goldman ExD design. Scheduled for delivery in early 2011, this rig is already contracted to Chevron Australia by the owner. Mr John Irwin, Atwood’s President and CEO, stated: “We are pleased to continue our relationship with Jurong Shipyard and take the next step in further building our Company’s international deepwater capability. The ExD Millennium semi- submersible will be an excellent unit for meeting our clients’ future deepwater needs.” Mr Don Lee, Senior General Manager of Jurong Shipyard’s Offshore Department, said: “We are pleased that Atwood Oceanics has entrusted Jurong Shipyard with a second consecutive newbuild semi-submersible rig. This is Jurong Shipyard’s twelfth newbuild ultra-deepwater semi-submersible rig based on the Friede & Goldman ExD design. Nine of these rigs, with the exception of the latest three units, have secured chartered contracts with reputable and established oil companies. This is an excellent testament of the rig’s capabilities and the shipyard’s strong turnkey expertise and track record in semi- submersible construction.” three deepwater semi-submersible drilling rigs ordered by Seadrill from Jurong Shipyard, including the first unit West Sirius, the second unit West Taurus and the third unit West Orion. Second semi-submersible rig order from Atwood Oceanics Jurong Shipyard was further awarded a second semi-submersible rig building contract in August 2008 by Atwood Oceanics Pacific Limited (AOPL), a wholly-owned subsidiary of Atwood Oceanics Inc, with the option for an additional third unit.
The shipyard contract value of US$565 million does not include certain owner furnished equipment and owner-related costs. Scheduled for delivery in mid-2012, this ultra- deepwater semi-submersible drilling rig unit will be the eleventh mobile offshore drilling unit of the Atwood Group fleet. Both rigs will be 6th generation Friede & Goldman ExD Millenium design ultra-deepwater dynamic positioning semi-submersible drilling units capable of operating in 3,000m water depth in harsh environment drilling conditions. Engineered for stability and versatility, the rigs will have an operational displacement of 43,400 metric tons at 17m draft and 46,750 metric tons at 20m draft.
Repeat semi-submersible order a fourth from Seadrill Seadrill’s fourth repeat order with Jurong Shipyard calls for the construction of a 6th generation ultra-deepwater semi-submersible drilling rig at a turnkey contract value of US$640 million. Scheduled for delivery in December 2011, the ultra-deepwater semi-submersible drilling rig will have specifications identical to the earlier Marking a solid co-operation: Atwood Oceanics Pacific’s Director Mr Anthony H. Dyne (second from right) and Project Manager Mr Albert Temmen, together with Jurong Shipyard’s Senior General Manager of Offshore Mr Don Lee, and Senior Manager of Offshore Mr Carl Wong Steadfast partnership: Alan Quintero, Atwood Oceanics’ Senior Vice President of Operations, engaging in a handshake with Mr Don Lee Inking the deal: Mr Don Lee, Jurong Shipyard’s Senior GeneralManagerofOffshore,withMrAlf.C.Thorkildsen, Seadrill’s Chief Executive Officer & President India’s first deepwater FPSO vessel, Dhirbuhai-1, has set off from Jurong Shipyard on July 28, 2008 after her successful tanker-to-FPSO conversion. Delivered to Norway’s Aker Contracting FP AS, Dhirubhai-1 is bound for the MA D6 field off the east coast of India under a charter with Reliance Industries Limited. First oil is expected in the third quarter of 2008.
Designed to operate for 10 years without drydocking, the FPSO has a production capacity of 60,000 barrels of oil per day and 15 million m3 of gas per day, a storage capacity of 1.3 million barrels of oil, and a liquid injection capacity of 80,000 barrels per day. Dhirubhai-1 Heads for India
03 Jul - Aug 2008 YARD NEWS Altair Voyager Periodic Overhaul The month of July saw the return of Altair Voyager, a 156,835 dwt tanker owned by Jurong Shipyard’s long-term alliance partner Chevron Shipping Company, after her last visit to Jurong Shipyard in 2003. Keel-laying for Newbuild Heavy-lift Jack-up Barge A total of two blocks and four spud cans laid during the ceremony Group shot: Key representatives from Jurong Shipyard with partners from Aramco Overseas B.V. including Project Manager Mr Marshad S. Al-Awwad and Project Engineer, Mr Robert C. Munter (7th and 8th from left) from Ras Tanura Projects Division, Northern Area Projects Department. Jurong Shipyard commemorated the erection of the first 100 tons of steel for a self-elevating heavy-lift jack-up barge for Aramco Overseas Company B.V. on July 4, 2008.
Scheduledfordeliveryinthefirstquarterof2010, the heavy-lift jack-up barge is a four-legged, self- elevating heavy-lift, subsea pipeline repair and maintenance support unit which is designed for operations in water depths between 5m to 60m in the Arabian Gulf. The schedule of repair and maintenance works for the 274.50m x 50.00m x 25.16m tanker during her three-week stay included drydocking and maintenance repairs. The scope of repairs for Altair Voyager included hull painting works as well as hydro- blasting and coating in the water ballast tanks and fore-peak tank. Steel repair was also carried out in the water ballast tanks to reinforce its durability.
Routine overhauling jobs were performed on the motors, main engine cylinder covers and pistons, cargo pumps and ballast pumps while the cargo pipe dresser couplings, anchor windlass and mooring winches underwent hydro-blasting and a new coating. Excellent teamwork between Jurong Shipyard and Chevron ensured a successful periodic overhaul for Altair Voyager The excellent teamwork between the repair teams was marked by the project’s incident- free track record and high standards of quality, safety and reliability. The sailaway of the vessel in the second week of August marks yet another successful repair for the Chevron-Jurong partnership.
04 Jul - Aug 2008 YARD NEWS JurongShipyardsuccessfullyoverhauledapairofJapanese LPG carriers – the 49,618 dwt Crystal Mermaid and the 49,679 dwt Gas Scorpio – from Sanko Ship Management Co. Ltd in July 2008. Crystal Mermaid, which last visited in 2006, called at the yard in mid-June this year for repairs and drydocking. Major works performed on the 224.0m x 36.0mx20.0mvesselduringherthree-weekstayincludedthereinforcement of its hull structure, installation of the CO2 system and the Hi-form system, as well as the renewal of the auxiliary boiler and incinerator. Also making her stop was the 230.00m x 36.60m x 20.40m Gas Scorpio, which docked in the yard from late June till early July. Jobs carried out included the overhauling of the vessel’s LPG cargo pumps as well as the new installation of owner-supplied Main Engine Lubrication System and the Simplified Voyage Data Recorder. Other maintenance works which were conducted include hull cleaning, blasting and painting as well as the fixing of sea valves and main engine cylinder heads.
Prior to Crystal Mermaid and Gas Scorpio, Jurong Shipyard had also completed the repairs for Sanko Breeze, a 105, 721 dwt crude oil carrier measuring 239.00m x 42.00m x 21.30m from Sanko Steamship Co. Ltd, in June. As part of the repairs, the yard overhauled the vessel’s cargo pumps at various locations, turbo chargers, and main engine cylinder covers. Sanko Carriers Make Their Call Gas Scorpio in the drydock Oil tanker Sanko Breeze makes her stop LPG gas carrier Crystal Mermaid basking in the sun
05 Jul - Aug 2008 YARD NEWS Blessing of FSO Queensway To usher in prosperity and success for FSO Queensway on her new assignment offshore Vietnam, a blessing ceremony was held for the vessel in the yard, witnessed by management representatives and project team members from Jurong Shipyard, Tanker Pacific, and Cuu Long Joint Operating Company. Among the VIPs present were Tanker Pacific’s Chairman and Chief Executive Officer Mr Alastair McGregor, Dr Vu Ngoc An, General Manager of Cuu Long, and Mr C Van Lineberger, Deputy General Manager of Cuu Long.
The ceremony commenced with the opening address by Mr Lee Yeok Hoon, Executive Director of Jurong Shipyard. In it, he thanked Tanker Pacific for awarding the Queensway conversion project to the yard and their continued confidence over the years. “Tanker Pacific has always been a good customer and a friend. We have been associated with them for the last 25 years and we value this long relationship and synergy with them,” said Mr Lee. Mr Alistair McGregor of Tanker Pacific noted that the on-time conversion of FSO Queensway, Tanker Pacific’s second project for both Conoco-Phillips Vietnam and Petro Vietnam, is “an astounding achievement” made possible by strong teamwork and “individuals working together collectively to achieve a common goal”.
Highlighting the project’s significance, Mr C Van Lineberger of Cuu Long said that FSO Queensway will be a key component of the Su Tu Vang Development project, which features a newly installed central processing platform. “We are excited about the Queensway and her role in Su Tu Vang Field – the Golden Lion Field – and our continual development of Block 15-1 for Vietnam,” he said. The conversion of the 260.5m x 48.25m x 24.1m Queensway comprised the marine hull conversion, turret integration as well as installation of the mooring, riser, cargo offloading and power generation systems. Fuel gas treatment skid modules and a helideck structure were also installed by the yard. Scheduled to sail off for Vietnam in September 2008, Queensway is expected to operate for 10 years without drydocking with the ability to withstand up to 100-year storm conditions. Capable of storing 1,140,015 barrels of oil (bbls), the FSO has an extraction capacity of 130,000 barrels oil per day (bopd). Alluding to the Olympic theme, Mr Lineberger quipped, “I know that with all the fine work that has gone into the Queensway, it is going to deliver a gold medal to the Gold Lion field.” By all counts, August 8, 2008 was an auspicious day to remember. The eighth day of the eighth month not only marked the start of the Olympic Games but also the blessing of Queensway, a newly converted Floating Storage and Offloading (FSO) vessel by Jurong Shipyard for Tanker Pacific Offshore Terminals.
Offering their well wishes to the vessel Seeking blessings for FSO Queensway: (From left) Mr Lee Yeok Hoon, Jurong Shipyard’s Executive Director, Mr C. Van Lineberger, Cuu Long’s Deputy General Manager, Mr Alistair McGregor, Tanker Pacific’s Chairman and Chief Executive Officer, and Dr Vu Ngoc An, Cuu Long’s General Manager, participating in the blessing ceremony led by Master Guang Rong. Cheering a job well done onboard the FSO Queensway VIPs commemorating the auspicious occasion FEATURE
06 Jul - Aug 2008 FEATURE Hooray for teamwork! Representatives from Sembcorp Marine, Jurong Shipyard and A.P. Moller-Maersk expressing their elation Maersk Convincer to Join Sister Rig Oﬀshore Brunei Mr W S Wong presenting a token of appreciation to Guest-of-Honour Mr Raymond Lim MAERSK CONVINCER was christened by Lady Sponsor Mrs Beth Allen, the wife of Mr William S. Allen, Senior Vice President of Human Resources, A.P. Moller-Maersk, in the presence of key stakeholders. The on-time completion of MAERSK CONVINCER follows after the successful delivery of its first sister jack-up unit MAERSK COMPLETER by Jurong Shipyard in May 2007.
Minister Raymond Lim said, “The growth of Maersk in Singapore has taken place very much Jurong Shipyard marked the construction completion and official naming of MAERSK CONVINCER, the yard’s second newbuild Baker Marine Pacific Class 375 (BMC Pacific 375) newbuild jack-up rig for Denmark’s Maersk Contractors, in a ceremony graced by Mr Raymond Lim, Minister for Transport and Second Minister for Foreign Affairs, on August 18, 2008. in tandem with Singapore’s own development as an International Maritime Centre. Over the years, the Maersk Group has forged long and close partnerships with Singapore companies. Indeed, with the completion of this newest rig and Maersk’s newbuilding programme of drilling rigs in Singapore, I am confident that the longstanding partnership between Maersk and Singapore will be further strengthened.” Scheduled for delivery in September 2008, MAERSK CONVINCER will be deployed for drilling operations offshore Brunei and one well in Malaysia under a one-year charter with Brunei Shell Petroleum, with options for extension. Its sister unit MAERSK COMPLETER was also awarded a similar charter by Brunei Shell Petroleum for the same drilling assignment in the fourth quarter this year in direct continuation of its current contract with Total E&P Borneo. MAERSK CONVINCER is the third of a series of four BMC Pacific 375 jack-up rigs built on a turnkey basis by Jurong Shipyard based on Sembcorp Marine’s proprietary BMC Pacific 375 deep drilling offshore jack-up design. Equipped with a state-of-the-art drilling package, a long- reach cantilever and a fully mechanized pipe handling system, the rig is capable of drilling high-pressure and high-temperature wells at 30,000 feet at more than 375 feet water depth. The rig, featuring an innovative 72 pinion design jacking system, is designed for operational efficiency and performance with a huge jacking capacity for full preload jacking, as well as a large variable load, a high liquid mud and bulk mud capacity, and extensive useable deck space, with accommodation for 120 men.
Official rig naming by Lady Sponsor Mrs Beth Allen
07 Jul - Aug 2008 FEATURE Dancers livening up the occasion MAERSK CONVINCER is Maersk Contractors’ second high-performance Baker Marine Pacific Class 375 jack-up on order with Jurong Shipyard Mr Claus V. Hemmingsen, Partner of A.P. Moller- Maersk and CEO of Maersk Contractors, said, “Our cooperation with Jurong Shipyard has proven to be successful and mutually flexible. We are very satisfied with the smooth and cooperative spirit of the yard. We can see the result today in MAERSK CONVINCER, a high- quality jack-up rig.” Mr Wong Weng Sun, Managing Director of Jurong Shipyard, said, “The turnkey construction success of the second Maersk rig – MAERSK CONVINCER – exemplifies the strong partnership and close co-operation of the teams from Jurong Shipyard, Maersk Contractors and our key partners. It is our privilege to work with Maersk Contractors on this project and we look forward to continue this excellent working Cause for celebration: Mr Raymond Lim, Minister for Transport and Second Minister for Foreign Affairs, with (from right) Mr K K Tan, Sembcorp Marine’s Group President & CEO, Mr William S. Allen, Maersk Contractors’ Senior Vice President of Human Resources, Lady Sponsor Mrs Beth Allen, Mr Claus V Hemmingsen, Partner of A.P. Moller-Maersk and CEO of Maersk Contractors, Mrs Susanne Hemmingsen, and Mr W S Wong, Managing Director of Jurong Shipyard VIPs touring the rig Clinking their champagne glasses to mark MAERSK CONVINCER’s completion success
08 Jul - Aug 2008 The event, marked by a flag-raising ceremony and the singing of the National Anthem, was graced by Guest-of-Honour, Mr Gan Kim Yong, Acting Minister for Manpower. Addressing more than 6,500 staff and resident contractors, Mr Gan began his speech by praising Jurong Shipyard’s ability to adapt to the changing market. He also noted the yard’s commendable achievement in securing no less than 12 semi- submersibles and five jack-up rig orders from international customers over the past six years, with deliveries scheduled up to 2012. In his address, Mr Wong Weng Sun, President & Chief Operating Officer of Sembcorp Marine and Managing Director of Jurong Shipyard, acknowledged the hard work and dedication of employees and contractor partners in contributing to this strong performance.
Cautioning against complacency, Mr Wong said, “While we take heart in this success, we have to move forward as we continue to face increasing competition from emerging markets like India and China.Itisthereforeimportantforustointensifyour knowledge base and technological advancement through R&D and see more continuous innovation in our yard to further our operational effectiveness and efficiency.” Safety was a major highlight in the speeches delivered. Mr Gan urged the industry to “commit resources to take substantial steps to improve safety outcomes”. He lauded Jurong Shipyard for its continuous investments in Health, Safety and Environment as well as its comprehensive safety management systems. The yard was also commended by the Minister for its manpower development and job re-creation efforts in grooming Singaporeans for supervisory roles and re-employing employees beyond their retirement. Reflecting on this year’s National Day theme “Celebrating the Singapore Spirit”, Mr Gan said, “It is this ‘can-do’ spirit which has united us in times of adversity since independence. With strong collaboration among government, industry and workers, we would be well-poised to meet the challenges ahead of us.” COVER STORY Forging Ahead with the Nation Birthday wishes for Singapore – Guest-of-Honour Mr Gan Kim Yong , Acting Minister for Manpower, and key representatives from Sembcorp Marine, Jurong Shipyard and the SMEEU Jurong Shipyard Branch union in celebration.
Assembly of employees and resident subcontractors Guest-of-Honour Mr Gan Kim Yong dons a ceremonial shawl of welcome on his arrival In celebration of Singapore’s 43rd year of Independence, Sembcorp Marine together with subsidiary Jurong Shipyard and the SMEEU (Shipbuilding and Marine Engineering Employees’ Union) Jurong Shipyard Branch held a National Day Observance Ceremony on August 11, 2008 to commemorate the nation’s progress. National Day 2008 Awards WSH Innovation Award 2nd prize Safe Stage Team, Hull Painting Section 1st prize VISION Team, Jurong Integrated Services 3rd prize LIFE Team Jurong Machinery & Automation Hull Painting Section (Mr Abu Talib rep. by Mr Liew Kah Hoe) Scaffold Safety Poster Drawing Competition Award 5 Million Man-hours without Lost- time Incidents Award Hong Rong Engineering Mr Gan Kim Yong and union members sharing a light moment
09 Jul - Aug 2008 Strong show of support by Sembcorp Marine’s staff Sponsorship of NDP 08 SPARK! Proudly sponsored by Sembcorp Marine, the SPARK! mass display was an impressive visual feat involving 30,000 NDP-goers in the seating gallery holding specially designed SPARKs. Representing energy and vibrancy, each SPARK symbolizes a dynamic burst of light and forms the message “Shine Singapore” when displayed in unison. In addition to the SPARK! mass display, Sembcorp Marine also joined other sister companies within the Sembcorp Group in the parade’s marching segment. Sembcorp Marine has always been an active supporter of Singapore’s National Day celebrations over the years.
Thisyear’smarchingparticipationisthesecond consecutive time for Sembcorp Marine at the Marina Bay integrated floating platform. Most significantly, the floating platform – the largest of its kind in the world – was designed and built by the company last year. “Shine Singapore!” – Sembcorp Marine’s birthday wish for the nation was poignantly conveyed in this year’s National Day Parade (NDP) SPARK! interactive spectators’ display during the August 9 NDP celebrations at the Marina Bay.
Marching on with pride Sembcorp Marine marching delegates together with contingent members from the Sembcorp Group Having a SPARKing fun time! Happy 43rd Birthday Singapore! Sembcorp Marine’s birthday greeting vividly expressed through the SPARK! spectators’ display COVER STORY
10 Jul - Aug 2008 SCM : AROUND THE YARDS PPL Shipyard Delivers HAKURYU-10 Commemorating HAKURYU-10’s success - Key stakeholders in celebration, including Lady Sponsor Mrs Mariko Murata and her husband Mr Minoru Murata, President of Japan Drilling, PPL Shipyard’s Deputy Chairman Dr Benety Chang and Managing Director Mr Douglas Tan, as well as Eni Tunisia’s Drilling and Completion Standard Manager Mr Antonino Galletta. Double dragon: Mr Douglas Tan, Managing Director of PPL Shipyard, presenting a painting of the HAKURYU- 10 jack-up and Hakuryu (which means white dragon in Japanese) to Mr Minoru Murata, President of Japan Drilling.
The rig is the second consecutive newbuild jack-uporderthatEDC,ajointventurebetween the Egyptian General Petroleum Corporation (EGPC) and Denmark’s A.P. Moller-Maersk Group, has placed with PPL Shipyard. This latest jack-up rig is scheduled for delivery Egyptian Drilling Awards Second Rig Order to PPL Shipyard HAKURYU-10, successfully delivered by Sembcorp Marine’s subsidiary PPL Shipyard to Japan Drilling Co. Ltd in June 2008, has set sail for the Mediterranean Sea offshore Tunisia in August 2008 for its maiden operation with charterer Eni Tunisia B.V., after completing preparation works and familiarization training in the yard.
HAKURYU-10, Japan Drilling’s first rig to be built out of Japan, is the ninth of a series of 20 jack-up rigs built based on PPL Shipyard’s proprietary Baker Marine Pacific Class 375 (BMC Pacific 375) design. This highly sophisticated jack-up rig is designed with the ability to drill high pressure and high temperature wells at 30,000 feet whilst operating in 375 feet of water. Equipped with a state-of-the- art drilling package for deep water drilling, the rig features a large variable load, a high liquid mud and bulk mud capacity, extensive usable deck space, and a huge jacking capacity for full preload jacking, with accommodation for 120 men. Prior to her sail-away, the deep drilling offshore jack-up rig was christened HAKURYU-10 by Lady Sponsor Mrs Mariko Murata, wife of Mr Minoru Murata, President of Japan Drilling, on July 8, 2008, in a ceremony witnessed by key representatives and stakeholders at PPL Shipyard. Mr Minoru Murata, President of Japan Drilling, said: “The naming of HAKURYU-10 is of special significance as the jack-up is our first newbuild rig built overseas and one of the most technically advanced in the market. We are confident that the addition of the HAKURYU-10 to our group’s rig fleet will bring strong operational advantages and further enhance our competitive edge in the industry.” HAKURYU-10, Japan Drilling’s first rig to be built outside Japan, is the ninth successful BMC Pacific 375 rig delivery by PPL Shipyard PPL Shipyard has secured a repeat contract from customer Egyptian Drilling Company (EDC), a subsidiary of Egypt’s national oil company Egyptian General Petroleum Corporation, to construct another jack-up rig at a contract value of US$220 million in July 2008.
in mid-2010, while the first rig, currently under construction in PPL Shipyard, is expected to be delivered in December 2009. The rig will be built based on PPL Shipyard’s proprietary Baker Marine Pacific 375 (BMC Pacific 375) deep-drilling jack-up design, a proven design successfully accepted by the industry and fetching some of the highest charter rates. Since its launch in 2004, a total of 24 jack-up rigs have been ordered based on this design as of end August this year, with eleven units successfully delivered to the owners.
11 Jul - Aug 2008 SCM : AROUND THE YARDS SMOE to Construct US$400 Million North Sea Platform SMOE, a subsidiary of Sembcorp Marine, has in July 2008 secured a contract worth some US$400 million from Maersk Olie og Gas AS for the construction of a new process platform (HBD) to be installed in the Danish sector of the North Sea. First early visualisation of the Halfdan Phase IV development The contract entails the provision of engineering, procurement, construction, onshore commissioning, load-out and seafastening services for the HBD jacket, piles, topsides, flare and three connecting bridges, which has a total weight of about 16,500 tons, for the Halfdan Phase IV Development Project.
The platform topsides will include processing, power generation and utility facilities. Construction is expected to commence in November 2008 with onshore completion scheduled in June 2010. A fallpipe vessel is a very specialised vessel consistingofaholdinwhichgradedrockisstocked, and a ‘fallpipe’, at the lower end controlled by an RemoteOperatedVehicle(ROV),whichplacesthe graded rock material at an exact location. Offshore rock placement is applied mostly to stabilise and protect cables, pipelines and flow lines. Theexecutionofthecontractinvolvesthecomplete engineering of the basic design package provided by the owners, construction of the vessel’s hull, major outfitting of owner’s supplied machinery including owner’s furnished equipment, systems outfitting and commissioning. Upon completion, this new generation of environmentally friendly designed fallpipe rock dumping vessel will be equipped with the DP2 capability to carry out Sembawang Shipyard to Build DP2 Fallpipe Vessel Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a S$100 million contract in July 2008 from Dredging, Environmental and Marine Engineering (DEME) to construct a 19,000 tonnes DP2 fallpipe vessel for its subsidiary company, Tideway, which specialises in offshore dredging, landfall construction and pipeline stabilization works.
precise rock placement works at a depth of no less than 2,000m. The vessel will be classed with Lloyd’s Register and will also comply with Lloyd’s Environment Protection Code whereby NOx emissions will be largely minimized. The vessel is scheduled to be delivered in January 2011 for deployment worldwide and will be Tideway’s biggest fallpipe vessel. Mr Alain Bernard, Chief Executive Officer of DEME, said: “We see Sembawang Shipyard as the right partner for the construction of our newly designed fallpipe vessel as the shipyard has demonstrated its strongtrackrecordinhandlingsophisticatedoffshore work especially vessels equipped with dynamic positioning capabilities. We are confident that both Mr Chew Sang Mon, SMOE’s General Manager for Commercial and Business Development, said: “This is the third major contract awarded by Maersk Olie og Gas for operations in the North Sea and the biggest single contract secured by SMOE to-date. In 1998, we had successfully completed two Wellhead Platforms for Maersk Oil Qatar for their Al Shaheen Field. This repeat order is a testament of Maersk Olie og Gas’ confidence in our turnkey capabilities and proven expertise in constructing offshore platforms and ability to meet stringent requirements for the North Sea.” DEME and Sembawang Shipyard will be able to work closely towards the successful completion and commissioning of this challenging project.” Mr Ong Poh Kwee, Managing Director of Sembawang Shipyard, said: “We are pleased to be chosen by DEME as its partner to construct this highly specialized vessel to serve the offshore industry. This will be Sembawang Shipyard’s sixth Dynamic Positioning (DP) Offshore Construction Vessel and further reaffirms our shipyard’s solid track record as the market leader for offshore dynamic positioning vessels newbuildings and conversions. We thank the owners for their trust and confidence in our project management know-how, design, engineering, outfitting and commissioning capabilities.”
12 Jul - Aug 2008 Record Growth in 2Q 2008 Analysts and media community being briefed about Sembcorp Marine’s financial performance Mr Wong Weng Sun, Sembcorp Marine’s President & Chief Operating Officer, responding to queries Sembcorp Marine reported strong second quarter growth on August5,2008withearningsincreasing51%from$85.1million in 2Q 2007 to $128.3 million in 2Q 2008. Group turnover for 2Q 2008 grew 32% from $1,051.6 million to $1,386.1 million for the corresponding period. *Adjusted for 2 for 5 Bonus issue in 2007 Financial Highlights Year Description 2Q 2008 (S$m) 2Q 2007 (S$m) % change IH 2008 (S$m) IH 2007 (S$m) % change Revenue 1386.10 1051.60 32 2,302.20 2,005.30 15 Gross Profit 137.90 80.40 72 234.70 160.90 46 EBITDA 128.30 88.00 46 223.60 175.30 28 Operating Profit 111.50 74.00 51 190.90 148.10 29 Pre-tax Profit 160.70 106.70 51 275.90 191.40 44 PATMI 128.30 85.10 51 219.60 158.80 38 EPS, basic (cents) 6.23 *4.14 51 10.62 *7.74 37 Group operating profits grew by 51% from $74.0 million in 2Q 2007 to $111.5 million in 2Q 2008. Group pre-tax profits rose 51% from $106.7 million to $160.7 million for the corresponding period. The increase is attributable mainly to the higher operating margins from rig building and ship repair businesses and better contribution from associated companies. On a half yearly basis, Group turnover increased by 15% from $2,005.3 million in 1H 2007 to $2,302.2 million in 1H 2008, attributable mainly to higher revenue recognition from rig building, ship conversion/offshore and ship repair businesses.
Group operating profits for 1H 2008 increased by 29% to $190.9 million as compared with $148.1 million recorded in 1H 2007. Group pre-tax profits saw an increase of 44% from $191.4 million in 1H 2007 to $275.9 million in 1H 2008. The increase is mainly attributable to higher operating margins from rig building and ship repair businesses and better contribution from associated companies. Group attributable profits in 1H 2008 grew by 38% to $219.6 million as compared with $158.8 million in 1H 2007. In line with the Group’s strong performance in 1H 2008, the Board of Directors recommended a one-tier tax exempt interim dividend of 5.0 cents per share. This is 40% higher than the 3.57 cents one-tier tax exempt interim dividend paid in 1H 2007.
Networking in progress after the briefing Turnover by Sectors Revenue 2Q 2008 (S$m) 2Q 2007 (S$m) % change IH 2008 (S$m) IH 2007 (S$m) % change Ship Repair 194.5 183.5 6.0 382.9 346.1 10.6 Rig Building 861.3 560.1 53.8 1,345.4 1,114.0 20.8 ShipConversion/Offshore 312.7 262.9 18.9 535.0 460.4 16.2 Shipbuilding 1.2 29.3 (95.9) 2.0 55.9 (96.4) Others 16.4 15.8 3.8 36.9 28.9 27.7 TOTAL 1,386.1 1,051.6 31.8 2,302.2 2,005.3 14.8 IH 2008 IH 2007 2Q 2008 2Q 2007 $ million 0 250 500 750 1000 1250 1500 1750 2000 2250 SCM : FINANCIAL RESULTS
13 Jul - Aug 2008 Jurong SML Receives Minister for Defence Award Jurong SML, a subsidiary of Sembcorp Marine, was awarded the prestigious Minister for Defence Award, the pinnacle award presented by the Ministry of Defence (MINDEF) in recognition of employers and civil resource owners who have demonstrated outstanding efforts and steadfast support for national defence. The Minister for Defence Award was presented to Mr Freddie Woo, Jurong SML’s Executive Director, during the Total Defence Awards ceremony, graced by Guest-of-Honour Mr Teo Chee Hean, Minister for Defence, on July 30, 2008. Nominated by the Royal Singapore Navy (RSN), Jurong SML was honoured for its operational readiness, serviceability of assets and commitment towards Total Defence. In the awards citation, the yard was commended for its exemplary performance in the biennal validation exercise held recently in 2007. Celebrating the award win Mr Freddie Woo, Executive Director of Jurong SML, receiving the prestigious Minister for Defence Award from Mr Teo Chee Hean, Minister for Defence An active partner of RSN over the years, Jurong SML provides a dedicated team and ready facilities for the drydocking, repair and modification of navy vessels, as well as maintenance services to the Police Coast Guards and Maritime and Port Authority of Singapore.
The Minister for Defence Award is Jurong SML’s third defence award in five years. It was previously awarded the Distinguished Defence Partner Award by MINDEF in 2004 and 2006. Visit by the Investment Community Sembcorp Marine and its subsidiaries Jurong Shipyard and Sembawang Shipyard hosted a group of over 30 fund managers and research personnel from Deutsche Securities on August 21, 2008. Just before boarding the semi-submersible West Taurus in Jurong Shipyard In front of mega-FPSO conversion project Hai Yang Shi You 11 at Sembawang Shipyard The visitors met with senior managers from the Group who shared their insights into the Group’s business and core capabilities. They were also treated to a tour onboard the ultra-deepwater newbuild semi-submersible rig West Taurus in Jurong Shipyard as well as an up-close view of the mega-FPSO conversion project Hai Yang Shi You 11 at Sembawang Shipyard for a better understanding of the Group’s operations. A visit to Jurong Shipyard’s steel fabrication facilities SCM : NEWS
14 Jul - Aug 2008 INNOVATION Setting Industry Standards in WSH Innovation Innovation teams from Jurong Shipyard and Sembawang Shipyard stole the limelight when their creative inventions garnered five of the eight awards presented at the 11th Marine Industry Workplace Safety & Health (WSH) Innovation Convention, an event organised by the Association of Singapore Marine Industries and supported by the WSH Council on July 24, 2008. Developing Breakthrough Ballast Water Treatment System Representatives from Sembcorp Marine Technology with partners from Ngee Ann Polytechnic, SIF Technologies, and Memiontec Sembcorp Marine Technology (SMT), the R&D arm of Sembcorp Marine, signed an agreement on August 1, 2008 to develop the region’s first chemical-free ballast water treatment system with technology partners.
The project aims to develop a system in line with new regulations from the International Maritime Organization that require all newly built vessels to be fitted with a ballast water treatment system to minimise the risk of harmful aquatic organisms being spread by ballast water from ships. Supported by SPRING Singapore, the project will see SMT working together with Ngee Ann Polytechnic’s Marine & Offshore Centre of Innovation, SIF Technologies, an environmental engineering firm specialising in chemical-free water technology and Memiontec, a water and waste water treatment company.
The “Semi-Automatic Lifting Gears” innovation, also known as the “Spider Grab”, is a customised lifting device with a semi-automatic locking mechanism to aid the process of lifting and handling irregular shaped outfitting items. The “Spider Grab” eliminates the need to weld eye plates, thus enhancing work efficiency while minimising the safety risks and material damage associated with hotwork and grinding. The device, which can be operated from a distance, also enables workers to keep a safe distance from the lifting works.
Semi-Automatic Lifting Gears (Spider Grab) – Hull Spiderz Team (Sembawang Shipyard, Hull Dept) Gold Award HP Hook – Safe Stage Team (Jurong Shipyard, Hull Painting Dept) Designed to enhance safety while working at heights, the “HP Hook” creates an extended outlet for the secure hooking of the safety harness to ‘scallop holes’. The “HP Hook” also doubles up as an additional anchor point for the second safety life line to prevent falling and swinging hazards. This significantly enhances safety and reduces falling hazards during scaffold work.
Gold award winners from Jurong Shipyard’s Safe Stage Team in celebration Sembawang Shipyard’s Hull Spiderz Team and Mechrosoft Team displaying their gold and silver awards respectively Congratulations to the winning teams for their achievements in WSH innovation!
15 Jul - Aug 2008 Providing Insights Into Innovation Mr Khoo Boon Hui, the Commissioner of Police, presenting a token of appreciation to Mr W S Wong at the convention Mr W S Wong, Managing Director of Jurong Shipyard, relating Jurong Shipyard’s innovation excellence journey A strong advocate of continuous R & D and improvement, Mr Wong shared about Jurong Shipyard’s innovation journey and milestones, including winning the Innovation Excellence Award by SPRING Singapore in 2007. In his presentation, he stressed the importance of integrating innovation into every aspect of the company and for top management to lead by example to drive innovation across all levels. The insightful sharing by Mr Wong and top innovation teams from the police force was an inspiration to many who left the venue with fresh perspectives and new strategies on re-inventing innovation at the workplace.
Mr Wong Weng Sun, President and Chief Operating Officer of Sembcorp Marine and Managing Director of Jurong Shipyard, was invited by the Singapore Police Force (SPF) to be a guest speaker at their SPF 3i (Ideas, Improvement and Innovation) Convention 2008 on August 12, 2008. INNOVATION Bronze Award Silver Award Rudder Nut Turner – Mechrosoft Team (Sembawang Shipyard, Mechanical Dept) The Rudder Nut Turner is an innovative device which provides a stable support platform for the refitting of the rudder nut during propulsion works. This is a more stable and secure alternative than the conventional turntable method, where workers are exposed to material falling hazards. The device also enables easier alignment and greater ease when refitting rudder nuts. Besides minimising the likelihood of incidents and “pinch point” injuries, higher productivity is also achieved with refitting time sped up by 35%.
Complete Sensor – VISION Team (Jurong Shipyard, Jurong Integrated Services) The “Complete Sensor” enables the timely detection of people and objects in the path of traveling machinery such as overhead cranes, CNC plate cutting machines, and welding gantries to prevent collision incidents. When an obstruction is detected, the system’s sensing line triggers off a tactile switch which temporarily disables the machine. It also comes with an emergency switch which serves as an additional back-up for greater protection. This innovation has resulted in enhanced safety in the workshops and greater morale among employees. The Portable Platform was developed to provide scaffolders a ‘temporary platform’ and a secure standing point in the ship’s cargohold for the manual distribution of scaffold materials in areas where air winches cannot be set up. Comprising a grated platform, the light-weight Portable Platform is designed with 2 secure points made up of 4 hooks to be secured to the ladders to provide workers with a proper foothold instead of having to juggle their weight on the ladder. This enhances safety during the scaffold erection process and leads to increased morale on the job.
Portable Platform – Safe Scaff Team (Jurong Shipyard, Seah Marine Engineering) Jurong Shipyard’s Safe Scaff Team receiving the bronze award VISION Team from Jurong Shipyard taking home the silver award
HAPPENINGS Dolphin is a bi-monthly publication of Sembcorp Marine Ltd and its subsidiary Jurong Shipyard Pte Ltd. No part of this newsletter may be reproduced or transmitted by any means or stored in any information storage and retrieval system without the publishers’ written permission. Contact us : The Editorial Team • 29 Tanjong Kling Road Singapore 628054 • firstname.lastname@example.org For more information, visit us at : www.sembcorpmarine.com.sg • www.jspl.com.sg A sense of achievement after completing the run Running the Half-Marathon Employees from Jurong Shipyard learnt the techniques behind good interpersonal skills during a two-day Communication and Relationship Management Workshop organised by the yard’s Human Resource Department on August 14 and 15, 2008. Through interactive role-play and practical examples, this course aimed to impart three important skills to the attendees – supporting and encouraging effective communication at the workplace, facilitating effective work- team and developing and implementing conflict resolution strategies.
Learning to Communicate Eﬀectively Nothing beats learning through role-play AgroupofenergeticrunnersfromJurongShipyardparticipatedintheSAFRASingapore Bay Run and Army Half-Marathon on August 23, 2008. Setting off as early as 7.30 am on a Saturday morning, the participants raced from Esplanade Drive towards the iconic Benjamin Sheares Bridge and through the 350m-wide Marina Barrage and Suntec City area before finishing off at the Padang. The marathon brought much fun, excitement and a sense of achievement to the participants, who took the chance to deepen their friendships with one another. Southern Ridges Nature Trek Striking a pose at the finishing point More than 100 management and staff from Jurong Shipyard shared a fun-filled day of exercise on July 19, 2008 when they took part in a half-day trek organised by the Jurong Shipyard Recreation Club through the Southern Ridges, one of Singapore’s latest nature attractions. Flagged off by Jurong Shipyard’s Managing Director Mr W S Wong, the walk took participants from the Marang Trail behind Harbourfront MRT, to key attractions along Southern Ridges’ 9km chainofgreenopenspaces,includingthe36m-tall Henderson Wave, the highest pedestrian bridge in Singapore connecting Mount Faber Park to Telok Blangah Park, and HortPark at Alexandra. The trekking party made their final stop at Kent Ridge Park, where they indulged in a healthy feast of tropical fruits such as durians, coconuts, mangosteens and longans to quench their thirst and revive their spirits.
Flag-off by Jurong Shipyard’s Managing Director Mr W S Wong Making their way up the long flight of steps Smile every mile – Journeying through the connector bridge Celebrating the successful trek with a fruits feast Lush greenery, fresh air and scenic sights coupled with good company make for a great walking adventure and an excellent workout.