Sembcorp secures a $25m contract for revitalisation of Royal Caribbean International's passenger ship
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured an agreement with RCL Cruises Ltd., a member of the Royal Caribbean Cruises Ltd. group, to perform the extensive revitalisation of Royal Caribbean International’s 137,276-gross tonnage, passenger-ship Voyager of the Seas, the Company said Tuesday in a press release.
Royal Caribbean Cruises Ltd. is a global cruise vacation company that owns Royal Caribbean International, among other cruise brands. This milestone revitalisation contract 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.
Sembawang Shipyard has successfully performed the revitalisation of Royal Caribbean International’s Rhapsody of the Seas in 2012 and the Legend of the Seas in 2013. The agreement to revitalise Voyager of the Seas, the largest cruise ship homeporting in Asia, reinforces Sembawang Shipyard’s position as one of the world’s leading shipyards and Asia’s number 1 shipyard for cruiseship repairs, refurbishment and conversion. Voyager of the Seas is scheduled to enter the shipyard in 4th Quarter 2014. She sails out from Sydney for the winter and spring seasons, and in North Asia for summer and autumn.
The above contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2014.
About Sembcorp Marine
Singapore headquartered Sembcorp Marine is a leading global marine and offshore engineering group with 50 years of experience and proven capabilities in repair, specialized shipbuilding, building of high-specification jack-up rigs, fast-track construction of ultra-deepwater semi-submersible rigs, conversion of floating production and storage facilities as well as the engineering and construction of offshore platforms. Sembcorp Marine has a network of six shipyards in Singapore – Jurong Shipyard, Sembawang Shipyard, SMOE, PPL Shipyard, Jurong SML and Sembmarine Integrated Yard @ Tuas. The 73.3-hectare Sembmarine Integrated Yard @ Tuas Phase I facility commenced operations in August 2013. The Group’s strategic presence spans Indonesia, China, India, United Kingdom and Brazil.
About Sembawang Shipyard
Sembawang Shipyard, a wholly owned subsidiary of Sembcorp Marine, has one of the largest integrated ship repair facilities in Southeast Asia. The shipyard's world-class reputation is based on the company's commitment to high quality standards, Health, Safety and Environment standards, timely delivery, superior customer service and innovative solutions.
About Royal Caribbean Cruises Ltd
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) is a global cruise vacation company that owns Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisières de France, as well as TUI Cruises through a 50 percent joint venture. Together, these six brands operate a combined total of 41 ships with an additional six under construction contracts. They operate diverse itineraries around the world that call on approximately 490 destinations on all seven continents. Additional information can be found on all seven continents.
