Sembmarine expects ‘significantly better’ H1, yet to feel inflation’s heat 

SEMBCORP Marine (Sembmarine) has yet to feel the heat from elevated prices on its businesses as a vast majority of its projects are near completion, according to its president and chief executive Wong Weng Sun.

“(However), going forward, we are mindful and aware of potential inflation. So, in a way, we cost up our projects as well as the bidding price of our projects to factor in inflation to the extent we consider appropriate,” he said at a media and analyst briefing on Sembmarine’s first-quarter business update on Wednesday (May 18).

“For new projects, as we work towards converting actively some of our pipeline potentially into orders, we do have inflation taken into consideration. To the extent (that’s) workable, there will be within the tender specs, such inflation impact taken into account as well. It is important especially for new projects that we are tendering,” he added.