Sembcorp Marine Celebrates with the Nation - MAERSK CONVINCER & HAKURYU-10 Jack-up Deliveries Blessing of FSO Queensway
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Jul - Aug 2008
Sembcorp Marine Celebrates
with the Nation
MAERSK CONVINCER &
HAKURYU-10 Jack-up Deliveries
Blessing of FSO Queensway
YARD NEWS
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 Inking the deal: Mr Don Lee, Jurong Shipyard’s Senior Steadfast partnership: Alan Quintero, Atwood
and August 2008. General Manager of Offshore, with Mr Alf. C. Thorkildsen, Oceanics’ Senior Vice President of Operations,
Seadrill’s Chief Executive Officer & President engaging in a handshake with Mr Don Lee
Both rigs will be 6th generation Friede & three deepwater semi-submersible drilling rigs The first rig, currently under construction
Goldman ExD Millenium design ultra-deepwater ordered by Seadrill from Jurong Shipyard, in Jurong Shipyard for AOPL, is a
dynamic positioning semi-submersible drilling including the first unit West Sirius, the second conventionally moored semi-submersible
units capable of operating in 3,000m water unit West Taurus and the third unit West Orion. drilling unit built based on the same Friede
depth in harsh environment drilling conditions. & Goldman ExD design. Scheduled for
Engineered for stability and versatility, the rigs Second semi-submersible rig order delivery in early 2011, this rig is already
will have an operational displacement of 43,400 contracted to Chevron Australia by the owner.
from Atwood Oceanics
metric tons at 17m draft and 46,750 metric tons
at 20m draft. Jurong Shipyard was further awarded a Mr John Irwin, Atwood’s President and
second semi-submersible rig building contract CEO, stated: “We are pleased to continue
in August 2008 by Atwood Oceanics Pacific our relationship with Jurong Shipyard
Repeat semi-submersible order a
Limited (AOPL), a wholly-owned subsidiary of and take the next step in further building
fourth from Seadrill Atwood Oceanics Inc, with the option for an our Company’s international deepwater
Seadrill’s fourth repeat order with Jurong additional third unit. capability. The ExD Millennium semi-
Shipyard calls for the construction of a 6th submersible will be an excellent unit for
generation ultra-deepwater semi-submersible The shipyard contract value of US$565 meeting our clients’ future deepwater needs.”
drilling rig at a turnkey contract value of million does not include certain owner
US$640 million. furnished equipment and owner-related costs. Mr Don Lee, Senior General Manager of
Scheduled for delivery in mid-2012, this ultra- Jurong Shipyard’s Offshore Department,
Scheduled for delivery in December 2011, the deepwater semi-submersible drilling rig unit said: “We are pleased that Atwood Oceanics
ultra-deepwater semi-submersible drilling rig will be the eleventh mobile offshore drilling has entrusted Jurong Shipyard with a second
will have specifications identical to the earlier unit of the Atwood Group fleet. 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.”
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
Dhirubhai-1 Heads for India
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.
02
Jul - Aug 2008
YARD NEWS
Altair Voyager Periodic Overhaul
Excellent teamwork between Jurong Shipyard and Chevron ensured a successful periodic overhaul for Altair Voyager
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.
The schedule of repair and maintenance also carried out in the water ballast tanks to The excellent teamwork between the repair
works for the 274.50m x 50.00m x 25.16m reinforce its durability. teams was marked by the project’s incident-
tanker during her three-week stay included free track record and high standards of
drydocking and maintenance repairs. Routine overhauling jobs were performed on quality, safety and reliability. The sailaway
the motors, main engine cylinder covers and of the vessel in the second week of August
The scope of repairs for Altair Voyager pistons, cargo pumps and ballast pumps while marks yet another successful repair for the
included hull painting works as well as hydro- the cargo pipe dresser couplings, anchor Chevron-Jurong partnership.
blasting and coating in the water ballast windlass and mooring winches underwent
tanks and fore-peak tank. Steel repair was hydro-blasting and a new coating.
Keel-laying for Newbuild Heavy-lift Jack-up Barge
Jurong Shipyard commemorated the erection of the first 100 tons of steel for a Scheduled for delivery in the first quarter of 2010,
self-elevating heavy-lift jack-up barge for Aramco Overseas Company B.V. on the heavy-lift jack-up barge is a four-legged, self-
July 4, 2008. 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.
Group shot: Key representatives from Jurong Shipyard with partners from Aramco Overseas B.V. including A total of two blocks and four spud cans laid
Project Manager Mr Marshad S. Al-Awwad and Project Engineer, Mr Robert C. Munter (7th and 8th from during the ceremony
left) from Ras Tanura Projects Division, Northern Area Projects Department.
03
Jul - Aug 2008
YARD NEWS
Sanko Carriers Make Their Call
Jurong Shipyard successfully overhauled a pair of Japanese
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
36.0m x 20.0m vessel during her three-week stay included the reinforcement
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
Gas Scorpio in the drydock
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.
Oil tanker Sanko Breeze makes her stop
LPG gas carrier Crystal Mermaid basking in the sun
04
Jul - Aug 2008
YARD NEWS
FEATURE
Blessing of FSO Queensway
Offering their well wishes to the vessel
Seeking blessings for FSO Queensway: (From left) Mr Lee Yeok Hoon, Jurong Shipyard’s Executive Director, Cheering a job well done onboard the FSO
Mr C. Van Lineberger, Cuu Long’s Deputy General Manager, Mr Alistair McGregor, Tanker Pacific’s Chairman Queensway
and Chief Executive Officer, and Dr Vu Ngoc An, Cuu Long’s General Manager, participating in the blessing
ceremony led by Master Guang Rong.
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.
To usher in prosperity and success for FSO conversion project to the yard and their Highlighting the project’s significance, Mr C
Queensway on her new assignment offshore continued confidence over the years. Van Lineberger of Cuu Long said that FSO
Vietnam, a blessing ceremony was held for the Queensway will be a key component of the Su
vessel in the yard, witnessed by management “Tanker Pacific has always been a good Tu Vang Development project, which features
representatives and project team members from customer and a friend. We have been a newly installed central processing platform.
Jurong Shipyard, Tanker Pacific, and Cuu Long associated with them for the last 25 years and “We are excited about the Queensway and her
Joint Operating Company. Among the VIPs we value this long relationship and synergy role in Su Tu Vang Field – the Golden Lion Field
present were Tanker Pacific’s Chairman and with them,” said Mr Lee. – and our continual development of Block 15-1
Chief Executive Officer Mr Alastair McGregor, for Vietnam,” he said.
Dr Vu Ngoc An, General Manager of Cuu Long, Mr Alistair McGregor of Tanker Pacific
and Mr C Van Lineberger, Deputy General noted that the on-time conversion of FSO The conversion of the 260.5m x 48.25m x
Manager of Cuu Long. Queensway, Tanker Pacific’s second project 24.1m Queensway comprised the marine
for both Conoco-Phillips Vietnam and Petro hull conversion, turret integration as well
The ceremony commenced with the opening Vietnam, is “an astounding achievement” as installation of the mooring, riser, cargo
address by Mr Lee Yeok Hoon, Executive made possible by strong teamwork and offloading and power generation systems. Fuel
Director of Jurong Shipyard. In it, he thanked “individuals working together collectively to gas treatment skid modules and a helideck
Tanker Pacific for awarding the Queensway achieve a common goal”. 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.”
VIPs commemorating the auspicious occasion
05
Jul - Aug 2008
FEATURE
Maersk Convincer to Join Sister Rig Offshore Brunei
Hooray for teamwork! Representatives from Sembcorp Marine, Jurong Shipyard and A.P. Moller-Maersk expressing their elation
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.
MAERSK CONVINCER was christened by in tandem with Singapore’s own development
Lady Sponsor Mrs Beth Allen, the wife of Mr as an International Maritime Centre. Over the Mr W S Wong presenting a token of appreciation
to Guest-of-Honour Mr Raymond Lim
William S. Allen, Senior Vice President of Human years, the Maersk Group has forged long and
Resources, A.P. Moller-Maersk, in the presence close partnerships with Singapore companies. drilling operations offshore Brunei and one well
of key stakeholders. The on-time completion Indeed, with the completion of this newest rig and in Malaysia under a one-year charter with Brunei
of MAERSK CONVINCER follows after the Maersk’s newbuilding programme of drilling rigs Shell Petroleum, with options for extension.
successful delivery of its first sister jack-up unit in Singapore, I am confident that the longstanding Its sister unit MAERSK COMPLETER was
MAERSK COMPLETER by Jurong Shipyard in partnership between Maersk and Singapore will also awarded a similar charter by Brunei Shell
May 2007. be further strengthened.” Petroleum for the same drilling assignment in the
fourth quarter this year in direct continuation of
Minister Raymond Lim said, “The growth of Scheduled for delivery in September 2008, its current contract with Total E&P Borneo.
Maersk in Singapore has taken place very much MAERSK CONVINCER will be deployed for
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
Official rig naming by Lady Sponsor Mrs Beth Allen accommodation for 120 men.
06
Jul - Aug 2008
FEATURE
Dancers livening up the occasion
Cause for celebration: Mr Raymond Lim, Minister for Transport and Second Minister for Foreign Affairs, with Clinking their champagne glasses to mark MAERSK
(from right) Mr K K Tan, Sembcorp Marine’s Group President & CEO, Mr William S. Allen, Maersk Contractors’ CONVINCER’s completion success
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
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
VIPs touring the rig MAERSK CONVINCER is Maersk Contractors’ second high-performance Baker Marine Pacific Class 375 jack-up
on order with Jurong Shipyard
07
Jul - Aug 2008
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.
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.
The event, marked by a flag-raising ceremony and competition from emerging markets like India and
the singing of the National Anthem, was graced China. It is therefore important for us to intensify our Mr Gan Kim Yong and union members sharing a
by Guest-of-Honour, Mr Gan Kim Yong, Acting knowledge base and technological advancement light moment
Minister for Manpower. through R&D and see more continuous innovation
in our yard to further our operational effectiveness National Day 2008 Awards
Addressing more than 6,500 staff and resident and efficiency.”
contractors, Mr Gan began his speech by praising WSH Innovation Award
Jurong Shipyard’s ability to adapt to the changing Safety was a major highlight in the speeches
market. He also noted the yard’s commendable delivered. Mr Gan urged the industry to “commit 1st prize
VISION Team, Jurong
achievement in securing no less than 12 semi- resources to take substantial steps to improve Integrated Services
submersibles and five jack-up rig orders from safety outcomes”. He lauded Jurong Shipyard
international customers over the past six years, for its continuous investments in Health, Safety
with deliveries scheduled up to 2012. and Environment as well as its comprehensive 2nd prize
safety management systems. The yard was also Safe Stage Team,
Hull Painting Section
commended by the Minister for its manpower
development and job re-creation efforts in
grooming Singaporeans for supervisory roles and 3rd prize
re-employing employees beyond their retirement. LIFE Team Jurong
Machinery &
Automation
Reflecting on this year’s National Day theme
“Celebrating the Singapore Spirit”, Mr Gan said,
Guest-of-Honour Mr Gan Kim Yong dons a 5 Million Man-hours without Lost-
ceremonial shawl of welcome on his arrival “It is this ‘can-do’ spirit which has united us in time Incidents Award
times of adversity since independence. With strong
In his address, Mr Wong Weng Sun, President collaboration among government, industry and
Hong Rong
& Chief Operating Officer of Sembcorp Marine workers, we would be well-poised to meet the Engineering
and Managing Director of Jurong Shipyard, challenges ahead of us.”
acknowledged the hard work and dedication of
employees and contractor partners in contributing Scaffold Safety Poster Drawing
to this strong performance. Competition Award
Cautioning against complacency, Mr Wong said, Hull Painting Section
“While we take heart in this success, we have to (Mr Abu Talib rep. by
Mr Liew Kah Hoe)
move forward as we continue to face increasing
Assembly of employees and resident subcontractors
08
Jul - Aug 2008
COVER STORY
Sponsorship of NDP 08 SPARK!
“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.
Strong show of support by Sembcorp Marine’s staff
Having a SPARKing fun time!
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.
This year’s marching participation is the second
consecutive time for Sembcorp Marine at the
Happy 43rd Birthday Singapore!
Marina Bay integrated floating platform.
Sembcorp Marine’s birthday greeting vividly expressed through the SPARK! spectators’ display
Most significantly, the floating platform – the
largest of its kind in the world – was designed
and built by the company last year.
Sembcorp Marine marching delegates together with contingent members from the Sembcorp Group Marching on with pride
09
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.
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
HAKURYU-10, Japan Drilling’s first rig to be built with charterer Eni Tunisia B.V., after completing preparation works and
outside Japan, is the ninth successful BMC Pacific
375 rig delivery by PPL Shipyard familiarization training in the yard.
HAKURYU-10, Japan Drilling’s first rig to be Prior to her sail-away, the deep drilling offshore
built out of Japan, is the ninth of a series of jack-up rig was christened HAKURYU-10 by Lady
20 jack-up rigs built based on PPL Shipyard’s Sponsor Mrs Mariko Murata, wife of Mr Minoru
proprietary Baker Marine Pacific Class 375 Murata, President of Japan Drilling, on July 8, 2008,
(BMC Pacific 375) design. in a ceremony witnessed by key representatives
and stakeholders at PPL Shipyard.
This highly sophisticated jack-up rig is designed
with the ability to drill high pressure and high Mr Minoru Murata, President of Japan Drilling,
temperature wells at 30,000 feet whilst operating said: “The naming of HAKURYU-10 is of special
in 375 feet of water. Equipped with a state-of-the- significance as the jack-up is our first newbuild
art drilling package for deep water drilling, the rig rig built overseas and one of the most technically
features a large variable load, a high liquid mud advanced in the market. We are confident that the
Double dragon: Mr Douglas Tan, Managing Director of
PPL Shipyard, presenting a painting of the HAKURYU- and bulk mud capacity, extensive usable deck addition of the HAKURYU-10 to our group’s rig fleet
10 jack-up and Hakuryu (which means white dragon space, and a huge jacking capacity for full preload will bring strong operational advantages and further
in Japanese) to Mr Minoru Murata, President of Japan
Drilling. jacking, with accommodation for 120 men. enhance our competitive edge in the industry.”
Egyptian Drilling Awards Second Rig Order to 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.
The rig is the second consecutive newbuild in mid-2010, while the first rig, currently under proven design successfully accepted by the
jack-up order that EDC, a joint venture between construction in PPL Shipyard, is expected to industry and fetching some of the highest
the Egyptian General Petroleum Corporation be delivered in December 2009. charter rates. Since its launch in 2004, a total
(EGPC) and Denmark’s A.P. Moller-Maersk of 24 jack-up rigs have been ordered based
Group, has placed with PPL Shipyard. The rig will be built based on PPL Shipyard’s on this design as of end August this year,
proprietary Baker Marine Pacific 375 (BMC with eleven units successfully delivered to
This latest jack-up rig is scheduled for delivery Pacific 375) deep-drilling jack-up design, a the owners.
10
Jul - Aug 2008SCM : 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.
The contract entails the provision of engineering, procurement, Mr Chew Sang Mon, SMOE’s General Manager for
construction, onshore commissioning, load-out and seafastening Commercial and Business Development, said: “This is the
services for the HBD jacket, piles, topsides, flare and three third major contract awarded by Maersk Olie og Gas for
connecting bridges, which has a total weight of about 16,500 tons, operations in the North Sea and the biggest single contract
for the Halfdan Phase IV Development Project. secured by SMOE to-date. In 1998, we had successfully
completed two Wellhead Platforms for Maersk Oil Qatar for
The platform topsides will include processing, power their Al Shaheen Field. This repeat order is a testament of
generation and utility facilities. Construction is expected to Maersk Olie og Gas’ confidence in our turnkey capabilities
commence in November 2008 with onshore completion and proven expertise in constructing offshore platforms and
scheduled in June 2010. ability to meet stringent requirements for the North Sea.”
First early visualisation of the Halfdan Phase IV development
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.
A fallpipe vessel is a very specialised vessel precise rock placement works at a depth of no DEME and Sembawang Shipyard will be able to
consisting of a hold in which graded rock is stocked, less than 2,000m. The vessel will be classed with work closely towards the successful completion and
and a ‘fallpipe’, at the lower end controlled by an Lloyd’s Register and will also comply with Lloyd’s commissioning of this challenging project.”
Remote Operated Vehicle (ROV), which places the Environment Protection Code whereby NOx
graded rock material at an exact location. Offshore emissions will be largely minimized. Mr Ong Poh Kwee, Managing Director of
rock placement is applied mostly to stabilise and Sembawang Shipyard, said: “We are pleased to
protect cables, pipelines and flow lines. The vessel is scheduled to be delivered in January be chosen by DEME as its partner to construct
2011 for deployment worldwide and will be this highly specialized vessel to serve the offshore
The execution of the contract involves the complete Tideway’s biggest fallpipe vessel. industry. This will be Sembawang Shipyard’s sixth
engineering of the basic design package provided Dynamic Positioning (DP) Offshore Construction
by the owners, construction of the vessel’s hull, Mr Alain Bernard, Chief Executive Officer of DEME, Vessel and further reaffirms our shipyard’s solid
major outfitting of owner’s supplied machinery said: “We see Sembawang Shipyard as the right track record as the market leader for offshore
including owner’s furnished equipment, systems partner for the construction of our newly designed dynamic positioning vessels newbuildings and
outfitting and commissioning. Upon completion, fallpipe vessel as the shipyard has demonstrated its conversions. We thank the owners for their
this new generation of environmentally friendly strong track record in handling sophisticated offshore trust and confidence in our project management
designed fallpipe rock dumping vessel will be work especially vessels equipped with dynamic know-how, design, engineering, outfitting and
equipped with the DP2 capability to carry out positioning capabilities. We are confident that both commissioning capabilities.”
11
Jul - Aug 2008SCM : FINANCIAL RESULTS
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
August 5, 2008 with earnings increasing 51% from $85.1 million
in 2Q 2007 to $128.3 million in 2Q 2008. Group turnover for Turnover by Sectors
2Q 2008 grew 32% from $1,051.6 million to $1,386.1 million 2Q 2008 2Q 2007 % IH 2008 IH 2007 %
Revenue (S$m) (S$m) change (S$m) (S$m) change
for the corresponding period.
Ship Repair 194.5 183.5 6.0 382.9 346.1 10.6
Group operating profits grew by 51% from $74.0 million in 2Q 2007 to Rig Building 861.3 560.1 53.8 1,345.4 1,114.0 20.8
$111.5 million in 2Q 2008. Group pre-tax profits rose 51% from $106.7 Ship Conversion / Offshore 312.7 262.9 18.9 535.0 460.4 16.2
million to $160.7 million for the corresponding period. The increase is Shipbuilding 1.2 29.3 (95.9) 2.0 55.9 (96.4)
attributable mainly to the higher operating margins from rig building and ship
repair businesses and better contribution from associated companies. 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
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 IH 2008
ship repair businesses.
Group operating profits for 1H 2008 increased by 29% to $190.9 IH 2007
million as compared with $148.1 million recorded in 1H 2007.
Group pre-tax profits saw an increase of 44% from $191.4 million 2Q 2008
in 1H 2007 to $275.9 million in 1H 2008. The increase is mainly
attributable to higher operating margins from rig building and 2Q 2007
ship repair businesses and better contribution from associated
companies. Group attributable profits in 1H 2008 grew by 38% to 0 250 500 750 1000 1250 1500 1750 2000 2250
$219.6 million as compared with $158.8 million in 1H 2007. $ million
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 Financial Highlights
tax exempt interim dividend paid in 1H 2007. Year
2Q 2008 2Q 2007 % IH 2008 IH 2007 %
Description (S$m) (S$m) change (S$m) (S$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
Networking in progress after the briefing *Adjusted for 2 for 5 Bonus issue in 2007
12
Jul - Aug 2008SCM : NEWS
Jurong SML Receives Minister for Defence Award
Mr Freddie Woo, Executive Director of Jurong SML, receiving Celebrating the award win
the prestigious Minister for Defence Award from Mr Teo
Chee Hean, Minister for Defence
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 An active partner of RSN over the years, Jurong SML provides a dedicated
SML’s Executive Director, during the Total Defence Awards ceremony, graced by team and ready facilities for the drydocking, repair and modification of navy
Guest-of-Honour Mr Teo Chee Hean, Minister for Defence, on July 30, 2008. vessels, as well as maintenance services to the Police Coast Guards and
Maritime and Port Authority of Singapore.
Nominated by the Royal Singapore Navy (RSN), Jurong SML was honoured for
its operational readiness, serviceability of assets and commitment towards Total The Minister for Defence Award is Jurong SML’s third defence award in five
Defence. In the awards citation, the yard was commended for its exemplary years. It was previously awarded the Distinguished Defence Partner Award
performance in the biennal validation exercise held recently in 2007. 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.
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 Just before boarding the semi-submersible West In front of mega-FPSO conversion project Hai
Taurus in Jurong Shipyard Yang Shi You 11 at Sembawang Shipyard
13
Jul - Aug 2008INNOVATION
Developing Breakthrough Ballast Water Treatment System
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
Representatives from Sembcorp Marine Technology with partners from Ngee specialising in chemical-free water technology and Memiontec, a water
Ann Polytechnic, SIF Technologies, and Memiontec and waste water treatment company.
Setting Industry Standards in WSH Innovation
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
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.
Congratulations to the winning teams for their achievements in WSH innovation!
Gold Award
HP Hook – Safe Stage Team Semi-Automatic Lifting Gears (Spider Grab)
(Jurong Shipyard, Hull Painting Dept) – Hull Spiderz Team (Sembawang Shipyard, Hull Dept)
Designed to enhance safety while The “Semi-Automatic Lifting Gears” innovation, also
working at heights, the “HP Hook” known as the “Spider Grab”, is a customised lifting
creates an extended outlet for device with a semi-automatic locking mechanism
the secure hooking of the safety to aid the process of lifting and handling irregular
harness to ‘scallop holes’. The shaped outfitting items. The “Spider Grab” eliminates
“HP Hook” also doubles up as the need to weld eye plates, thus enhancing work
an additional anchor point for the efficiency while minimising the safety risks and
second safety life line to prevent material damage associated with hotwork and
falling and swinging hazards. This significantly grinding. The device, which can be operated from
enhances safety and reduces falling hazards during a distance, also enables workers to keep a safe
scaffold work. distance from the lifting works.
14
Jul - Aug 2008INNOVATION
Providing Insights Into Innovation
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) Mr W S Wong, Managing Director of Jurong Mr Khoo Boon Hui, the Commissioner of Police,
Shipyard, relating Jurong Shipyard’s innovation presenting a token of appreciation to Mr W S Wong at
Convention 2008 on August 12, 2008. excellence journey the convention
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.
VISION Team from Jurong Shipyard taking home the silver award Jurong Shipyard’s Safe Scaff Team receiving the bronze award
Silver Award
Complete Sensor – VISION Team Rudder Nut Turner – Mechrosoft Team
(Jurong Shipyard, Jurong Integrated Services) (Sembawang Shipyard, Mechanical Dept)
The “Complete Sensor” The Rudder Nut Turner is
enables the timely detection of an innovative device which
people and objects in the path provides a stable support
of traveling machinery such as platform for the refitting
overhead cranes, CNC plate of the rudder nut during
cutting machines, and welding propulsion works. This is a
gantries to prevent collision incidents. When an obstruction is more stable and secure alternative than the conventional turntable
detected, the system’s sensing line triggers off a tactile switch method, where workers are exposed to material falling hazards.
which temporarily disables the machine. It also comes with an The device also enables easier alignment and greater ease when
emergency switch which serves as an additional back-up for refitting rudder nuts. Besides minimising the likelihood of incidents
greater protection. This innovation has resulted in enhanced safety and “pinch point” injuries, higher productivity is also achieved with
in the workshops and greater morale among employees. refitting time sped up by 35%.
Bronze Award
Portable Platform – Safe Scaff Team (Jurong Shipyard, Seah Marine Engineering)
The Portable Platform was developed to provide scaffolders a with 2 secure points made up of 4 hooks to be secured to
‘temporary platform’ and a secure standing point in the ship’s the ladders to provide workers with a proper foothold instead
cargohold for the manual distribution of scaffold materials of having to juggle their weight on the ladder. This enhances
in areas where air winches cannot be set up. Comprising a safety during the scaffold erection process and leads to
grated platform, the light-weight Portable Platform is designed increased morale on the job.
15
Jul - Aug 2008HAPPENINGS
Southern Ridges Nature Trek
Lush greenery, fresh air and scenic
sights coupled with good company
make for a great walking adventure and
an excellent workout.
Flag-off by Jurong Shipyard’s Managing Director
Mr W S Wong
Striking a pose at the finishing point
More than 100 management and staff from The trekking party made their final stop at Kent
Jurong Shipyard shared a fun-filled day of Ridge Park, where they indulged in a healthy
exercise on July 19, 2008 when they took part in feast of tropical fruits such as durians, coconuts,
a half-day trek organised by the Jurong Shipyard mangosteens and longans to quench their thirst
Recreation Club through the Southern Ridges, and revive their spirits.
one of Singapore’s latest nature attractions.
Smile every mile – Journeying through the connector
bridge
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
chain of green open spaces, including the 36m-tall
Henderson Wave, the highest pedestrian bridge
in Singapore connecting Mount Faber Park to
Making their way up the long flight of steps Telok Blangah Park, and HortPark at Alexandra. Celebrating the successful trek with a fruits feast
Learning to Communicate Effectively
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. Nothing beats learning through role-play
Running the Half-Marathon
A group of energetic runners from Jurong Shipyard participated in the SAFRA Singapore
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.
A sense of achievement after completing the run 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.
Dolphin is a bi-monthly publication of Sembcorp Marine Ltd and its Contact us :
subsidiary Jurong Shipyard Pte Ltd. No part of this newsletter may be The Editorial Team • 29 Tanjong Kling Road
reproduced or transmitted by any means or stored in any information storage Singapore 628054 • ir@sembcorpmarine.com.sg
and retrieval system without the publishers’ written permission. For more information, visit us at : www.sembcorpmarine.com.sg • www.jspl.com.sgYou can also read
