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Nikkei Markets

Singapore's Sembcorp Marine Inks Vessel Construction Deal With SeaOne

By Singapore Newsroom
Nikkei Markets
SINGAPORE (Sep 18) -- Sembcorp Marine, a Singapore-based integrated offshore and marine engineering solutions provider, said Monday its unit has signed a letter of intent with U.S.-based SeaOne Caribbean for design and construction of two large Compressed Gas Liquid (CGL) carriers.

Under the deal signed by Sembcorp Marine Specialised Shipbuilding, the vessels will be deployed for SeaOne's Caribbean Fuels Supply Project, the company said in an exchange filing. Sembcorp Marine will design the "neo-paramax CGL carriers based on SeaOne's single gas and liquids cargo delivery requirements", it added.

The deal is a major milestone for SeaOne's Caribbean Fuels Supply Project which is "undertaken to develop an environmentally-friendly, lowest cost, and safe means of transporting gas and gas liquids together as a single cargo," the filing added.

- By Singapore Newsroom; sgeditorial@nikkeinewsrise.com; +65 6331 6250
- Edited by Ahana Sen Gupta
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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