Sembmarine's yard unit terminates jack-up rig contracts
Add BT as a preferred source
MAINBOARD-LISTED yard group, Sembcorp Marine's wholly-owned subsidiary, PPL Shipyard, has terminated two jack-up rig building contracts each valued in excess of US$200 million with the subsidiaries of Kuala Lumpur-listed Perisai Petroleum Teknologi Bhd.
Sembmarine said in a disclosure after Thursday trading close that the contracts for the pair of jack-up rigs were terminated after the expiry of existing deferment agreements with the rig-owners.
Sembmarine added that it will continue to actively market the rigs to prospective buyers.
Share with us your feedback on BT's products and services
TRENDING NOW
Knight Frank Singapore CEO Galven Tan resigns after 2.5 years at helm
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
15-month wait-out curb lifted for private property owners buying HDB resale flats
Philippines’ income upgrade hides grim reality for most Filipinos
