As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday, 12 September 2013

SembMarine wins US$346m Helix deal


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Featuring the latest technology, the rig is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, said Sembcorp Marine - PHOTO: BLOOMBERG

SEMBCORP Marine's subsidiary Jurong Shipyard has secured a US$346 million contract to build a second semi-submersible well intervention rig for Helix Energy Solutions Group Inc (Helix).

Scheduled for delivery in mid-2016, the semi-submersible light well intervention rig will be built based on a design jointly developed by Sembcorp Marine Technology Pte Ltd (SMTP), a fully-owned research & development subsidiary of Sembcorp Marine, and Helix.

Featuring the latest technology, the rig is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, said Sembcorp Marine.

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