Sembawang Shipyard Secures Long-Term Maintenance and Refit Contract, Singapore

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has been awarded the Favoured Customer Contract (FCC) from Royal Caribbean Cruises Ltd. (RCL), USA, to provide ship-repair, revitalisation, upgrading and related marine services for its fleet of 41 cruise ships.

This milestone long-term maintenance and refit contract with Royal Caribbean will further boost Singapore’s status as a major Asian cruise hub and reinforce Sembawang Shipyard’s reputation as one of the world’s leading shipyards in the highly specialised segment of cruise ships repair, refurbishment and conversion.

The contract, signed in Miami, Florida, USA, by Mr. Kevin Douglas, Vice President of Technical Projects and Newbuildings for Royal Caribbean Cruises Ltd., Mr. Svein Taklo, Vice President, Marine Operations for Royal Caribbean International, and Ms. Wong Lee-Lin, Executive Director, Sembawang Shipyard, commits the repairs, revitalisation and upgrading of its fleet of passenger ships cruising in the Singapore region to Sembawang Shipyard.

It also commits to joint planning, information and experience sharing, thus leveraging complementary resources to achieve sustainable targets in the areas of HSE (Health, Safety and Environment), logistics management, quality, cost-efficiency and onschedule deliveries, which are key performance indicators for high quality cruise vessels maintenance.

The signing of this Favoured Customer Contract will include two cruise ships calling at Sembawang Shipyard for major revitalization and a third ship for drydocking and repairs between January 2013 to 2014 with total estimated sales ranging from S$50 million to S$70 million (approx from $41.1 to 57.5 Mln), depending on the scope of repairs and upgrading packages of the ships.

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Press Release, December 10, 2012