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Sembcorp Marine and its subsidiaries
update their multi-currency, multi-issuer
debt issuance programme
and increase the programme’s limit
from S$500 million to S$2 billion
to allow them to capitalise on
opportunities to rapidly access
funds from debt capital markets
to support their growth.
Sembcorp breaks ground for a
fourth Vietnam Singapore Industrial
Park (VSIP) project, VSIP Hai Phong
integrated township and industrial
park in northern Vietnam.
Sembcorp enters into a joint
venture agreement to provide
wastewater treatment services
in the Qinzhou Port Economic &
Technological Development Zone,
Guangxi province, China.
Sembcorp is named one of the
Global 100 Most Sustainable
Corporations in the World by
Corporate Knights Magazine, a
magazine for ethical business.
Sembcorp Marine’s Jurong Shipyard
announces that it will be building
a new shipyard in Brazil’s Espirito
Santo state to cater directly to one
of the fastest growing offshore oil
and gas exploration and production
markets in the world.
Sembcorp commences construction
of its US$1 billion Salalah
Independent Water and Power
Plant in Oman.
Sembcorp Marine’s Sembawang
Shipyard secures longevity, upgrading
and repair contracts worth S$130
million from international customers,
reinforcing its reputation as one
of the world’s leading ship repair
players. The contracted projects
include an LNG carrier life extension,
the repair of a product tanker as
well as the repair and upgrading
of three cruise ships. The yard also
renews its long-term ship repair
contract with Eitzen Group.
Ang Kong Hua joins the board as
an independent director.
Sembcorp opens its second plant
in China capable of treating high
concentration wastewater without
pre-treatment by customers. The
12,500 cubic metres per day plant
is located in the Nanjing Chemical
Industrial Park, a state-level
chemical hub.
Sembcorp Marine’s Jurong Shipyard
secures a S$130 million contract for
the pre-FPSO conversion of P62,
from Petrobras Netherlands.
Sembcorp Marine’s SMOE secures
a S$550 million contract from
ConocoPhillips Skandinavia to build
the Ekofisk accommodation topside
to be installed in the North Sea.
Sembcorp achieves financial close
for its US$1 billion combined
power and desalination plant
in
Salalah, Oman.
Sembcorp breaks ground for
a 15,000 cubic metres per day
wastewater treatment plant in
the Qinzhou Port Economic &
Technological Development Zone
in Guangxi province, China. The
plant is Sembcorp’s first industrial
wastewater treatment facility in
southern China.
Sembcorp pledges S$1 million over
five years to plant the Sembcorp
Forest of Giants, a forest of
indigenous giant tree species
threatened by urbanisation, and
to support green education and
conservation programmes in the
community.
Sembcorp proposes a voluntary
tender offer to acquire shares
in Cascal, a leading provider of
municipal water and wastewater
services. This acquisition adds
global municipal water capabilities
to Sembcorp’s strong operating
and technical expertise in
industrial water and wastewater
treatment, water reclamation and
large-scale desalination.
The Sembcorp NEWater Plant wins
the Global Water Intelligence Global
Water Awards 2010 Water Reuse
Project of the Year.
Ang Kong Hua takes over as
Sembcorp’s non-executive
Chairman, succeeding Peter Seah on
his retirement from the board. Mr
Ang also takes over as chairman of
the board’s Executive Committee,
Nominating Committee and Executive
Resource & Compensation Committee.
The Sembcorp NEWater Plant, one of
the largest water recycling facilities
in the world at 50 million imperial
gallons per day, is officially opened.
Sembcorp wins the silver award in
the Singapore Corporate Awards’
Best Annual Report Award category,
for companies with S$1 billion and
above in market capitalisation.
Sembcorp commences a voluntary
tender offer to acquire all
outstanding shares of Cascal for
US$6.75 per share in cash.
Sembcorp signs an agreement to
invest in a 49% stake in Thermal
Powertech Corporation India,
which is set to build, own and
operate an approximately
S$1.9 billion supercritical coal-fired
power plant in Krishnapatnam,
Andhra Pradesh, India.
Margaret Lui joins the board as
a non-executive director.
Tan Sri Mohd Hassan Marican joins
the board as an independent director.
Sembcorp Marine marks a major
milestone in its growth and
expansion strategy with the
groundbreaking for its Integrated
New Yard Facility at Singapore’s
Tuas View Extension.
Sembcorp signs a memorandum of
understanding with the Abu Dhabi
Water and Electricity Authority to
expand its seawater desalination
capacity in Fujairah in the UAE by
30%, with a new seawater reverse
osmosis facility with a capacity of
approximately 30 million imperial
gallons per day.
Sembcorp secures LANXESS as its
first key customer for wastewater
treatment to be located in the
Tembusu vicinity of Singapore’s
Jurong Island petrochemical cluster.
Sembcorp will invest S$40 million in
a new 9,600 cubic metres per day
integrated wastewater treatment
plant to serve LANXESS and other
customers in the area.
Sembcorp’s Group Chief Financial
Officer (CFO) Lim Joke Mui retires
and is succeeded by Koh Chiap
Khiong, previously the Deputy
Group CFO.
Sembcorp successfully completes its
initial tender offer for Cascal shares
and becomes a 92.26% majority
shareholder in Cascal.
Sembcorp Marine’s Jurong Shipyard
signs a contract to sell a CJ-70 harsh
environment jack-up drilling rig
under construction in its yard to
a subsidiary of Seadrill.
Sembcorp’s Singapore waste
collection arm is awarded the
Minister for Defence Award 2010,
the nation’s highest honour under
the Total Defence Awards.
Cascal is delisted from the New
York Stock Exchange and files
to deregister its common shares
with the US Securities and
Exchange Commission.
Sembcorp’s stake in Cascal rises to
97.66% with the successful close of
an additional subsequent offer.
Sembcorp secures its first anchor
multi-utilities customer in the new
growth area in Singapore’s Jurong
Island petrochemical cluster, signing
a 20-year long-term agreement
to supply Jurong Aromatics
Corporation (JAC) with steam
and other water and wastewater
treatment services. To serve JAC,
Sembcorp will build an 800 megawatt
gas-fired cogeneration plant to
be developed in phases, as well as
multi-utilities facilities.
Sembcorp issues a S$100 million
7-year note maturing in September
2017 and a S$100 million 15-year
note maturing in August 2025
under Sembcorp Financial Services’
S$1.5 billion medium-term
programme. Earlier in the year it
also issued a S$300 million 10-year
note maturing in April 2020.
Sembcorp Marine’s Sembawang
Shipyard secures major upgrading
and repair contracts from operators
of passenger ships and LNG carriers
worth S$110 million.
Sembcorp’s India joint venture
Thermal Powertech Corporation
India signs financing arrangements
covering 75% of the project
cost for its 1,320 megawatt power
plant in Andhra Pradesh, India.
The Sembcorp NEWater Plant
receives the 2010 WateReuse
International Award from the
US-based WateReuse Association.
Sembcorp Marine’s Jurong
Shipyard reaches a full and final
amicable settlement with Société
Générale for disputed foreign
exchange transactions.
Sembcorp’s Zhangjiagang operations
in China win a prestigious Honour
Award in the International Water
Association’s Global Project
Innovation Awards 2010, under
the Planning Projects category.
Sembcorp’s operations on the site
had earlier won an Honour Award
under the same category in the East
Asian round of the awards.
Sembcorp Marine’s Sembawang
Shipyard secures two contracts
worth S$75 million for the
conversion of a floating production
unit for BW Offshore and a floating
production storage and offloading
vessel for Bluewater Energy Services.
Sembcorp’s industrial parks
business increases its stake in the
Singapore consortium involved in
the Sino-Singapore Nanjing Eco
High-tech Island, Nanjing’s largest
foreign collaborative project,
from 30% to 43%.
Sembcorp is named the Most
Transparent Company in the
multi-industry / conglomerates
category by the Securities Investors
Association (Singapore) at its
annual Investors’ Choice Awards.
Sembcorp Marine is named
runner-up under the award’s non-electronics
manufacturing category.
Sembcorp Marine’s PPL Shipyard
secures turnkey contracts worth
a combined US$364 million to
build two jack-up rigs for Atwood
Oceanics Pacific, with options for
another three jack-up rigs.
Sembcorp Marine’s Sembawang
Shipyard secures a long-term
contract from Carnival Corporation
& plc, to provide ship-repair,
refurbishment and upgrading
services for its cruise vessels.
Sembcorp Marine’s Jurong
Shipyard secures an approximately
S$351 million contract to convert
an Aframax tanker to a FPSO vessel
for Teekay Petrojarl Production.
Sembcorp Marine’s Jurong Shipyard
secures orders from Seadrill worth
US$384 million for two turnkey
jack-up rigs, with options for a
further four jack-up rigs.
Sembcorp acquires all remaining
shares in the China Water Company
(CWC) not already held by its
municipal water subsidiary Cascal,
from Waterloo Industrial, CWC’s
only other shareholder.
Sembcorp’s municipal water business
in Bournemouth, UK is named
the UK’s joint number one water
company for service delivery by
Ofwat, the water services regulation
authority for England and Wales.
Cascal deregisters its shares with
the US Securities and Exchange
Commission.
Sembcorp Marine’s PPL Shipyard
signs a US$195 million contract to
sell a jack-up rig, already under
construction, to Transocean, the
world’s largest drilling contractor
and the leading provider of drilling
management services worldwide.
Sembcorp’s Australian solid waste
management associate is named the
successful bidder to acquire WSN
Environmental Solutions, a solid
waste management service provider
formerly owned by the New South
Wales government, for A$235 million.
Sembcorp Marine’s Jurong Shipyard
secures a US$400 million contract to
build two premium jack-up rigs for
Noble Corporation, with options for
a further four jack-up rigs. |
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