Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Offshore client of Jurong Shipyard bust

Singapore: Sembcorp Marine announced late yesterday that an important client to its wholly-owned subsidiary Jurong Shipyard has gone bust.
Singapore-based Petroprod, a member of Norway's Larsen group which specialises in mobile production and field development for small and medium-sized oilfields, has a jack-up rig and an  FPSO conversion on order at Jurong. It has now been put into liquidation.
In its statement on Tuesday, Sembcorp Marine said that 'based on best-known information, this event is unlikely to have any material impact on the two contracts' and that it will 'make the update as and when necessary'.  [15/04/09]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish