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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Thursday, 17 May 2012

SembMarine's unit secures $130m worth of contracts


Sembcorp Marine on Thursday said its subsidiary, Sembawang Shipyard, has secured three major contracts totalling S$130 million.

The first contract, awarded by Sonangol Pesquisa e Producao SA (SNLPP) is for major repairs and upgrading of the 20 year old FSO Palanca.

Major work scope includes the renewal of the vessel's cargo piping system and pumps, tank blasting and coating, and cables renewal for the entire electrical system. The existing 30-men accommodation block will be redesigned and rebuilt to accommodate 60 men. The new accommodation block will include a new helideck to meet the vessel's operational requirements.

The vessel is expected to enter Sembawang Shipyard in August 2012 and, upon completion, will return to Palanca Terminal in offshore Angola.

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