Sembmarine secures US$150m navy support vessel contract from Brazil’s Emgepron

SEMBCORP Marine : S51 0% (Sembmarine) has bagged a US$150 million EPC (engineering, procurement and construction) contract from Emgepron, a state-owned company linked to the Ministry of Defence in Brazil.

Under the EPC contract, Sembmarine will construct a newbuild support vessel called the NApAnt, which will be deployed by the Brazilian Navy for scientific research under the Brazilian Antarctic Programme.

The project will be executed through the group’s Estaleiro Jurong Aracruz (EJA) yard in Brazil to comply with the requirement of local content, said Sembmarine in a press statement on Tuesday (Jun 14).

The group also intends to draw from pooled resources of its global network, including knowledge and experience of Sembcorp Marine Specialised Shipbuilding (SMSS) in the design and construction of high-performance and specialised vessels.

Both EJA and SMSS are wholly-owned subsidiaries of Sembmarine.

Measuring 93.9 metres in length, 18.5 metres in width and weighing about 5,800 metric tonnes with a draft of 6 metres, the new vessel will be built to navigational ice field standards, classified as P-6.

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Construction will commence in 2022 and is scheduled to complete in the third quarter of 2025. Upon its completion, NApAnt will replace the navy’s current ocean support vessel which is approaching the end of its life cycle.

The new vessel is also expected to “add a new operative dimension to the Brazilian Antarctic Programme”, said Sembmarine in its press statement.

Shares of the group ended Monday down S$0.005 or 4.2 per cent at S$0.114.