Feature 9 | SOUTH EAST ASIA
Groundbreaking development for Sembcorp
Sembcorp’s long term strategy is based around relocation to a new yard complex in western Singapore.
I
n June this year Sembcorp Marine marked an important milestone with the groundbreaking ceremony for its
new yard facility at Tuas View Extension in Singapore. Designed to maximise synergies between the group’s various marine and offshore engineering and construction activities, this yard will offer an improved dock and quay ratio, a more efficient lay-out and better integrated facilities. When fully completed, the 206 hectare facility will boost Sembcorp Marine’s total dock capacity by 62%, to over three million dwt. According to Sembcorp, the yard’s
strategic location close to major sea lanes to the west of Singapore will enable it to better tap into shiprepair and conversion markets, especially for larger ship types. Furthermore, the design of the yard will boost productivity levels to ensure long term competitiveness.
Sembcorp plans to build the new yard
in three stages. Te first phase, which will involve an investment of over Sin$750 million (e428 million), will focus on ship repair and conversion activities and should be fully ready by the end of 2013. It could however be partially operational as early as the second half of 2012, the company states. Tis first stage will include the building of four large drydocks, each capable of handling VLCC tankers, more than 3400m of quay and workshops totalling over 68,000m2
for
hull and outfitting works. As well as VLCCs, the yard will be configured to meet the needs of latest generation containerships, LNG carriers and passenger vessels. Sembcorp’s current shiprepair and
conversion business centres primarily on two Singapore yards, Sembawang Shipyard and Jurong Shipyard. While docks at these
Docks at Jurong have been well-utilised this year.
two yards have been well occupied this year, particularly with alliance and regular customer business, challenging market conditions generally meant that the group’s repair business saw a 27% drop in revenue in the first quarter of 2010 compared with the same period in 2009. Similarly, the ship conversion and offshore engineering segment saw a 20% drop in income. A number of significant projects are
underway at both Sembawang and Jurong, and the net orderbook for conversions is higher than at this stage in 2009. At Jurong the yard is converting a VLCC Bourgogne to a FPSO for Modec, and has secured a major pre-conversion work contract involving a VLCC, Suva, which will operate as a FPSO for Petrobras. In May Jurong Shipyard completed works on the FPSO Kwame Nkrumah MV21, for
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Shiprepair and Conversion Technology 3rd Quarter 2010
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