Jurong Shipyard Ltd was incorporated on 25 April 1963, as a joint venture between Ishikawajima-Harima Heavy Industry Co Ltd (IHI) and Temasek Hldgs (Pte) Ltd. IHI is one of the largest integrated heavy industrial conglomerates in Japan.
Over the years, the Group has established itself as a major shiprepairing force in the Asia-Pacific region. In 1997, the Company acquired Sembawang Shipyard, Karimun Shipyard (Indonesia) and Bohai Shipyard (China) from Sembawang Corpn. Consequently, Sembawang Corp made a general offer to acquire a majority stake in the Company.
In 1998, Sembawang Corp merged with Singapore Technologies Industrial Corp (STIC) to form the SembCorp group. On 21 January 2000, the Company adopted its present name.
With a combined docking capacity of 1.9 million dwt, it is one of the largest shiprepair and ancillary marine facilities in East Asia through seven established shipyards - five in Singapore and one each in Indonesia and China.
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SembCorp Marine - the marine engineering arm of SembCorp Industries - is a leading global marine-engineering group, specialising in ship repair, shipbuilding, ship conversion and offshore engineering. With a combined docking capacity of 1.9 million dwt, we offer one of the largest ship-repair and ancillary marine facilities in the world through eight established shipyards - five in Singapore and one each in Indonesia, China and Brazil.
All our shipyards operate as distinct brand names focusing their expertise to fulfilll the unique needs of their respective market niches. Anchoring ourselves for future growth, SembCorp Marine plans to capitalise on the strong branding and reputation of our shipyards to become a market leader across segments of the marine industry.
FY00 ship repair, building and conversion 92.4%, ship chartering 0.01%, other 7.5%.
Despite higher sales.1HFY01 profit fell 6.6% due to lower exceptional gains. Expect FY01 to be comparable to FY00.
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