Sembcorp Marine inks US$1b construction deal with Heerema Offshore

Sembcorp Marine inks US$1b construction deal with Heerema Offshore

Sembcorp Marine today revealed that it has inked an Engineering and Construction contract worth approximately USD1 billion with Heerema Offshore Services B.V. (HOS) to build the world’s largest semi-submersible crane vessel (NSCV).

This follows an earlier exclusive letter-of-intent signed between SCM’s wholly owned subsidiary Jurong Shipyard Pte Ltd and HOS in March this year for the NSCV.

It will be equipped with two Huisman heavy-lifting offshore cranes of 10,000 MT lifting capacity each and a large reinforced work deck area. The vessel has a length of 220 metres, width of 102 metres and displacement of 273,700 MT.

Scheduled for delivery in the fourth quarter of 2018, the NSCV is designed for the installation and decommissioning of major offshore facilities world-wide.

The contract is not expected to have any material impact on the net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2015.

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