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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"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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Monday 19 December 2011

Sembcorp Marine's unit wins US$140 specialised contract


Sembcorp Marine on Monday announced that its subsidiary, Sembawang Shipyard, has secured a US$140 million contract from Equinox Offshore Accommodation Limited to convert a ropax vessel to a DP2 Accommodation and Repair Vessel (ARV).

The vessel will be a diesel electric DP2 high specification vessel, uniquely designed and equipped to provide extensive accommodation and workshop facilities to support and service offshore facilities and projects in deep water areas. It will have accommodation facilities to comfortably house a complement of 450 persons and will be renamed ARV 3.

The vessel is expected to arrive in the shipyard in January 2012 for the conversion and modification works, which is scheduled for completion in the fourth quarter of 2012.

The ARV 3 will be deployed to support offshore works in Brazil for five years under owner's charter contract with Petrobras of Brazil.

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