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Sembmarine, Keppel O&M in giant merger to create offshore powerhouse

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Anita Gabriel
Vivienne Tay
Uma Devi

Anita Gabriel ,

Vivienne Tay &

Uma Devi

Published Wed, Apr 27, 2022 · 07:42 AM
    • The decades-long anticipated merger of home-grown offshore and marine giants Keppel O&M and Sembmarine is finally in the works and will create a global offshore powerhouse valued at S$8.7 billion to tap the green energy boom.
    • The decades-long anticipated merger of home-grown offshore and marine giants Keppel O&M and Sembmarine is finally in the works and will create a global offshore powerhouse valued at S$8.7 billion to tap the green energy boom. PHOTO: KEPPEL CORPORATION

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    SINGAPORE’s decades-long anticipated merger of home-grown offshore and marine (O&M) giants Keppel O&M and Sembcorp Marine (Sembmarine) is finally in the works and will create a global offshore powerhouse valued at S$8.7 billion to tap the green energy boom.

    “As a home-grown marine icon with 60 years of track record, we are taking a bold step to further augment our depth and breadth of engineering and operational capabilities to create a pureplay in the offshore & marine and energy sector with enhanced focus,” said Sembmarine’s chairman Hassan Marican.

    “This is a historic moment for the O&M sector in Singapore,” said Keppel Corp chief executive and Keppel O&M chairman Loh Chin Hua.

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    KeppelOffshore & Marinesembcorp marine

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