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1961-1980 of 3003
KLKC jspl no more CBL liao, same goes to sebawang shipyard. 
, too bad, $ not being announce...
, too bad, $ not being announce...krisluke ( Date: 29-Mar-2011 19:39) Posted:
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DJ Sembcorp Marine Unit Signs Ship Repair Contract With Canada& apos s Teekay Marine
30 Mar 2011 5:28pm
SINGAPORE (Dow Jones)--Singapore-listed ship and oil rig builder Sembcorp Marine Ltd. (S51.SG) Wednesday said its unit Sembawang Shipyard has signed a contract with a unit of Canada's Teekay Corp. (TK) to provide repair and refurbishment services.
Under the contract, Sembawang Shipyard will provide ship-repair, refurbishment, upgrading and related marine services for a fleet of 137 ships owned by Teekay Marine Services, Sembcorp Marine said in a statement to the Singapore Exchange.
The statement didn't provide financial details of the contract nor specify its length.
Noble orders jack-up pair at Jurong
Noble Corporation has exercised options with Singapore-based Sembcorp Marine to build two new harsh-environment shallow-water drilling rigs for $235 million apiece, bringing the total it has under construction to four, the company said today.
News wires 28 March 2011 14:16 GMT
The new jack-up rigs are expected to be delivered by Sembcorp's Jurong Shipyard in the third quarter of 2013 and first quarter of 2014.
Noble still has options for two additional units that must be exercised by the end of this year.
The vessels will have the capability to operate in water depths up to 400 feet and drill to depths of 30,000 feet, Reuters reported.
Earlier this month, Noble said it had landed contracts for six shallow-water rigs off the coast of Mexico, including four that had been idled in the Gulf of Mexico because of lack of work.
Noble adds to jack-up order
Rig contractor Noble has exercised options with Singapore’s Sembcorp Marine for the construction of two jack-up rigs at a cost of $427.6 million.
Upstream staff 29 March 2011 02:23 GMT
The options were exercised as part of a deal struck in December when Noble ordered two rigs from Sembcorp’s subsidiary Jurong Shipyard, with options for up to four additional rigs.
The rigs will be based on the same Friede & Goldman JU3000N-design as the previous order and be able to operate in harsh environments in water depths of up to 400 feet and be capable of drilling to a depth of 30,000 feet.
Sembcorp said the designs enlarged hull also allowed for a more ergonomic accommodation layout, increased deck space and the strategic placement of equipment for improved efficiency and safety during operations.
“We are delighted that Noble has chosen to exercise two of the four rig options at this opportune time as demand for efficient and high-specification premium rigs is expected to continue,” senior general manager of Jurong’s offshore division, Don Lee, said.
The additional rigs are scheduled for delivery in the third quarter of 2013 and first quarter of 2014, while the previously ordered jack-ups are due to be delivered in the fourth quarter of 2012 and the second quarter of 2013.
Noble still has options for two additional units that must be exercised by the end of this year.
Noble exercised two of its four options for newbuild the construction of JU3000N jackup drilling rigs, lifting Sembcorp Marine’s (SMM) YTD new contracts to S$1.5b. The two jackup orders are valued at US$427.6m (S$539m).
We raise FY11-12EPS by 1.4% and 8.4% respectively to reflect higher order wins forecast of S$5.5b (S$4.5b previously) as we see more orders for SMM and upgrade our TP from S$5.95 to S$6.40 due to:
*changes in our EPS estimates and order book forecast.
*19x P/E for earnings from Cosco Shipyard Group vs. 15x previously.
* Mark-to-market value of Cosco Group at S$2.06/share.
At our TP, the stock is valued at 19.8x FY11 P/E. Maintain BUY.
Dmgap
if noble exercise all the options, So what the problem, the directors just diversified the construction progress into sub contractor yard under sembcorp marine business core. It is so simple to be a director than being a analyst.
I just wondering why the " new yard" needs 20 years to complete the four phases. One Thinky is becos sembcorp mighte be a GREEN HORN on construction than marine
and NON director share construction experience. This is management weakness and shall be addressed.
just got to continue makan all contracts for new yard opening ceremony
KLKC JSPL final kanna Busy liao. As the " art kee tech" always says, it is easier to build a structure of same design and thus cut down on the expenses becos, it like producing a moulding products.
Less time spent for art kee alternation....
See, the delivery date ...
Sembcorp Marine has clinched a contract to build two more premium jackup rigs for a subsidiary of offshore drilling contractor Noble Corp for US$427.6m. The two new turnkey units are scheduled for delivery in the third quarter of 2013 and the first quarter of 2014. On completion, the rigs will be able to operate in waters 400 feet deep and drill to depths of 30,000 feet. These orders bring SMM’s YTD order wins (ex ship repair) to S$1.5bn, vs our full year assumption of S$5bn. SMM still has 8 outstanding jackup options worth an estimated US$1.6bn. Maintain Buy, TP: S$6.63.
DBS Vickers Bollas
SembCorp Marine. Maintain OUTPERFORM with higher TP of S$6.90 (from S$6.3. Noble has exercised two of its four options with SMM for high-spec jackups. Value for the two orders is at US$427.6m, bringing YTD orders to S$1.5bn. Keep order target of S$10.8bn and earnings estimates for FY11-13, but hike TP to S$6.90, in view of stronger order momentum.
CIMB Singapore Division
Sembcorp Marine: Noble exercises two jack-up rig options
Summary: Sembcorp Marine (SMM) announced that its subsidiary, Jurong Shipyard, has signed two turnkey contracts worth a total of US$427.6m to build two jack-up rigs for a subsidiary of Noble Corporation. Recall that the latter had awarded two rig contracts to SMM in Dec last year with options for four more. Noble Corp has now decided to exercise two out of the four options. Scheduled for delivery in 3Q13 and 1Q14, these units will be based on the same design and specification as the two Friede & Goldman JU3000N units ordered earlier. However, the price tag is about 7% higher, likely due to higher equipment costs and decreasing yard slots. With increasing rig prices, SMM’s customers may face increasing pressure to exercise their options earlier rather than later. Maintain BUY with fair value estimate of S$6.17 on SMM.
Oversea China Bank Securities (singapore Branch)
how does the chart looks for yesterday seems to give a fat doji ? for semb mar,,,,,
bsiong ( Date: 29-Mar-2011 09:34) Posted:
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| SembCorp Marine. Maintain OUTPERFORMwith higher TP of S$6.90 (from S$6.38). Noble has exercised two of its four options with SMM for high-spec jackups. Value for the two orders is at US$427.6m, bringing YTD orders to S$1.5bn. Keep order target of S$10.8bn and earnings estimates for FY11-13, but hike TP to S$6.90, in view of stronger order momentum. |
//cimb
/**
where is it? http://www.youtube.com/watch?v=kMOvjDJeOuQ
Private Msg me here for details
u think it will go up again.....
fear seems to come back japan issue which is a big impact for the week......
many people might choose to ignore this....
krisluke ( Date: 29-Mar-2011 00:00) Posted:
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This news is very the fresh, you can find it on straits times online news, published @ 21xxhrs
Noble orders two more heavy-duty jackups
Published: Mar 28, 2011
Offshore staff
Offshore staff
ZUG, Switzerland – Noble Corp. has exercised two of four options with Sembcorp Marine’s Jurong Shipyard for construction of heavy-duty, harsh-environment jackup drilling rigs of the JU3000N type.
The rigs, which are approximately 231 ft (70.4 m) in length and 270 ft (82.3 m) in breadth, will have the capability to operate in water depths up to 400 ft (122 m) and drill to depths of 30,000 ft (9,144 m).
Total delivered cost is estimated at $235 million per rig. Deliveries are expected in 3Q 2013 and 1Q 2014.
03/28/2011
questions, those director buy are entitlement buy ?
krisluke ( Date: 27-Mar-2011 17:39) Posted:
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sharing knowledge of shares classifications.
Restricted Shares
Shares that have limited voting rights or in some cases, no voting rights. These shares participate in a company's earnings and assets in liquidation as common shares do and are sometimes referred to as restricted common shares. Restricted shares may not command the same market price as voting common shares of the same company since they do not have voting rights.
Common Stock or Common Shares
Securities which represent ownership in a company and carry voting privileges. Common shareholders may be paid dividends but only after preferred shareholders are paid. Common shareholders are last in line after creditors, debt holders and preferred shareholders to claim any of a company's assets in the event of liquidation.
Performance Shares
The goal of performance shares is to tie managers to the interests of shareholders. Their goal is similar to employee stock-option plans (ESOP), as they provide an explicit incentive for management to focus their efforts on maximizing shareholder value.
Note that in the case of performance shares, the manager receives the shares as compensation for meeting targets, as opposed to stock-option plans where employees receive stock options as part of their usual compensation package.
Preferred Stocks or Shares
A class of stock that entitles the owners to a stated dollar value per share in liquidation (paid after bondholders) and a fixed dividend paid ahead of the company's common shares. Preferred shares usually only have voting rights when a stated number of dividends have been missed. Preferred shares are generally considered income investments.
