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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Tuesday, 31 December 2013

Sembcorp Marine's PPL yard wins repeat order worth US$211.5m

Sembcorp Marine said on Tuesday that its subsidiary PPL Shipyard has secured repeat order worth US$211.5 million to build a jack up rig for Perisai (L) Inc, a unit of Perisai Petroleum Teknologi Bhd - PHOTO: Sembcorp Marine

Sembcorp Marine said on Tuesday that its subsidiary PPL Shipyard has secured repeat order worth US$211.5 million to build a jack up rig for Perisai (L) Inc, a unit of Perisai Petroleum Teknologi Bhd.

The Pacific Class 400 jack up rig, scheduled for delivery in the third quarter of 2016, will be capable of operating in deeper waters of 400 feet and high temperature wells to depths of 30,000 feet.

The contract is not expected to have any material impact on the consolidated net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2013.

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