I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Tuesday, 29 March 2011

Sembcorp Marine wins contracts worth US$427.6m

Noble Corp (NE.N) exercised options with Sembcorp Marine (SCMN.SI) to build two new harsh-environment shallow water drilling rigs for US$235 million ($296.9 million) apiece, bringing the total it has under construction to four, the company said on Monday.

The new jack-up rigs are expected to be delivered by Sembcorp's Jurong Shipyard in the third quarter of 2013 and first quarter of 2014, and still leave Noble with two options to build new jack-ups.

The vessels will have the capability to operate in water depths up to 400 feet (122 meters) and drill to depths of 30,000 feet.

Earlier this month, Noble said it had landed contracts for six shallow-water rigs off the coast of Mexico, including four that had been idled in the U.S. Gulf of Mexico because of the lack of work.

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