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SembCorp Marine

 
Hoover's Profile: SembCorp Marine Limited
 
(Singapore:SCMN)
Contact Information
SembCorp Marine Limited
29 Tanjong Kling Rd.
628054 Singapore
Tel. +65-6265-1766
Fax +65-6261-0201

Type: Public
On the web: http://www.sembcorpmarine.com.sg
Employees: 10,330

SembCorp Marine can shape up and ship out. The company is a global marine engineering group specializing in ship repair, ship conversion, the building of new ships, and offshore engineering. At shipyards in Brazil, China, Indonesia, Singapore, and the US, SembCorp Marine constructs, converts, and repairs a variety of ocean-going craft, ranging from smaller barges and ferries to larger passenger and cruise ships, and extra large tankers and naval vessels. The company owns a 30% stake in COSCO Shipyard Group and acquired Sabine Shipyard in Texas through subsidiary PPL Shipyard in 2005. SembCorp was established in 1963 as a joint venture between the Economic Development Board of Singapore and shipbuilder IHI.

Key numbers for fiscal year ending December, 2008:
Sales: $3,510.3M
One year growth: 12.5%
Net income: $312.8M
Income growth: 79.8%

Officers:
Chairman: Goh Geok Ling
President, CEO, and Director: Wong Weng Sun
CFO: Tan Cheng Tat

Competitors:
IHI Corp.
Manitowoc
Tidewater Inc.

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Wikipedia: SembCorp Marine
 

Sembcorp Marine Limited SGX: S51 is part of SembCorp Industries, an Asian company based in Singapore. It is listed on the Singapore stock exchange or SGX and is part of the Straits Times Index there. The current President and CEO of Sembcorp Marine is Mr Wong Weng Sun.

Sembcorp Marine's services range a full spectrum of integrated ship repair, shipbuilding, ship conversion, rig building and offshore and marine engineering solutions.

Sembcorp Marine offers its marine engineering facilities through a global network of strategically located shipyards in four hubs.

It has four strategic hubs located in:

1. Singapore: Jurong Shipyard, Sembawang Shipyard, PPL Shipyard, SMOE, Jurong SML

2. China: Cosco Shipyard Group

3. Brazil: Mauá Jurong SA

4. Indonesia: PT Karimun Sembawang Shipyard

(Its subsidiary PPL Shipyard also acquired Sabine Industries in Texas, Houston in October 2005)


 
 

 

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