Azeus Systems Holdings, the Hong Kong-based provider of IT consultancy services, says it has won a five-year contract worth HK$69.97 million ($11.5 million) from the Hong Kong government to provide maintenance services for 53 application systems in a major department.
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SGX says it has secured term loans of $3.8 billion and A$750 million ($952 million) for long-term financing facilities for the proposed ASX-SGX combination announced on 25 October 2010.
The funding comprises to be made available by Australia and New Zealand Banking Group, The Bank of Tokyo- Mitsubishi UFJ, Singapore Branch, DBS Bank, Oversea-Chinese Banking Corporation, United Overseas Bank and National Australia Bank.
Keppel Corp (KPLM.SI), the world’s biggest rig maker, said on Monday its offshore & marine units have won contracts worth $240 million worth for conversion and specialised shipbuilding. The contracts include upgrading of a Floating Production Storage and Offloading (FPSO) vessel, the conversion of a livestock carrier, as well as the building of a diving support vessel.
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STX OSV (MS7.SG) extends gains, +8.7% at $1.00 vs $0.955 at the end of the morning session, as a midday announcement by the company of a new shipbuilding contract piques interest.
The Norway-based firm will build a platform supply vessel for an unnamed international company, bringing the total number of ships under construction to 50.
Koon Holdings, one of Singapore’s largest civil engineering, reclamation and shore protection specialists, says subsidiaries, Koon Construction and Transport Co. (KCTC), Econ Precast Pte Ltd (EPPL) and Construction Technology (“Contech”) have been awarded several new government projects worth $45.7 million.
Structural steel firm, TTJ Holdings says it has successfully secured jobs totalling $31.5 million for two major petrochemical and oil and gas development projects located on Jurong Island — namely the $1.5 billion, 30-hectare Singapore LNG Terminal and the planned €400 million ($699 million) butyl rubber facility by Lanxess, the world’s largest manufacturer of synthetic rubber.
China Hongxing Sports says it has received an order book with RMB 849 million ($165 million) worth of orders secured at the 2011 Spring/Summer Collection trade fair, held in Xiamen in October 2010.
The October trade fair has drawn strong interest from more than 1,800 participants, boosted by the introduction of approximately 190 new footwear models and approximately 500 apparel and accessories designs. The order book of RMB 849 million represented a 24.9% increase as compared to that held in October 2009.
Cosco Corporation (Singapore) says Cosco (Dalian) Shipyard, the subsidiary of the company’s 51% owned subsidiary, Cosco Shipyard Group, has secured contracts valued over US$87 million ($112 million) to build three bulk carriers of 57,000 dwt each. The contracts are effective following receipt of the initial deposits from the Asian ship owner.
The bulk carriers which will be built at Cosco (Dalian) shipyards are scheduled for deliveries from May 2012 to March 2013.
Meanwhile, Cosco says it has received initial deposits for two out of the 15 shipbuilding contracts announced made by the company on June 15.
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Keppel Land has entered into joint ventures (JV) with Vietnamese developers, Tien Phuoc Company Limited (Tien Phuoc) and Hung Phu Real Estate Corporation (Hung Phu), to develop two prime sites in Ho Chi Minh City (HCMC).
The first agreement seals the collaboration between Keppel Land, through wholly-owned subsidiary, Antiaris, and Tien Phuoc for the development of a 13.5-ha waterfront site in HCMC.
Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says the group has been awarded its third and fourth contracts for the MRT Downtown Line 2 (DTL 2) valued at $56.5 million.
Seow Soon Yong, Chief Executive Officer of Yongnam, says: “We are heartened by these contract wins as they serve as testaments to the confidence that our business partners have in us. We will leverage on our expertise and technical know-how in this area to further enhance our track record in the business.”
GPSChemoil has announced that the financing of the construction of phase four of its storage terminal at Fujairah, United Arab Emirates, has been successfully arranged.
GPSChemoil is a joint venture company between Gulf Petrol Supplies LLC, a subsidiary of the Fujairah National Group, and Chemoil, one of the world’s leading suppliers of Marine Fuel.
Sembcorp Marine’s subsidiary PPL Shipyard has secured two turnkey contracts with a combined value up to US$364 million ($478 million) to build two jack-up rigs with options for another three jack-up rigs from Atwood Oceanics Pacific Limited (AOPL), a wholly-owned subsidiary of Atwood Oceanics Inc.
Scheduled for delivery in September 30 and December 31 of 2012, the jack- up rigs will be built based on PPL Shipyard’s latest proprietary design, the Pacific Class 400. These new rigs will be capable of operating in deeper waters of 400 feet and equipped with offline handling features. They will have accommodation for 150 men as compared with 120 men in the Pacific Class 375 jack-up rigs.
ARA Trust Management (Suntec), as manager of Suntec REIT, is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, as trustee of Suntec REIT, has today successfully entered into a facility agreement for a $700 million term loan facility.
The loan facility comprises a $350 million 3-year loan and a $350 million 5-year loan, at a blended all-in interest margin of 1.5% from a panel of nine banks. The loan facility will be secured by Suntec City Mall. The facility agreement was signed with local banks DBS Bank, United Overseas Bank, and 7 foreign banks namely Bank of China Limited Singapore Branch, CIMB Bank Berhad Singapore Branch, Citibank N.A. Singapore Branch, Commonwealth Bank of Australia Singapore Branch, Natixis Singapore Branch, The Bank of Nova Scotia Asia Limited and Standard Chartered Bank.
The loan facility will be used to prepay the $575 million 3-year loan maturing in FY 2012, and to refinance part of the $400 million club loan maturing in FY 2011. With this, the weighted average term to expiry of Suntec REIT’s debt portfolio has been extended from 1.8 years to 3 years.
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Keppel FELS says it has secured new contracts worth about US$101 million ($134 million) to complete and refurbish two semisubmersible drilling rigs respectively for Saipem S.p.A and Ensco plc.
The first contract was awarded by Saipem S.p.A for the commissioning of Frigstad D90 semisubmersible rig, Scarabeo 9. A significant part of the workscope involves the commissioning of all marine and drilling sub-systems onboard.
Otto Marine says its subsidiary, Singapore-based Reflect Geophysical had secured a contract valued at about US$9 million ($11.9 million) with Niko Resources Trinidad & Tobago Ltd., to perform 3D seismic data acquisition in Trinidad. The contract is not expected to have a material impact on the consolidated net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2010.
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Sembcorp Marine’s Sembawang Shipyard has secured two FPSO contracts worth $75 million.
The first contract is awarded by BW Offshore, one of the world’s leading FPSO contractors and a market leader with advanced offshore loading and production systems for the oil and gas industry.
The contract calls for the conversion of a 97,172 dwt tanker BW Genie into a Floating Production Unit (FPU). Major conversion works include repairs and life extension for the vessel to operate for another 20 years. The FPU will be installed in the field through a new 12-point mooring system.
Mainboard-listed Darco Water Technologies, the provider of integrated engineering and knowledge-based water treatment solutions, today announced a RM27 million ($12 million) industrial water project to build a combined integrated solutions package for pure water production, chemical delivery, wastewater detoxification, and sewerage & grey water Treatment Systems for US-based MEMC Electronic Materials Corporation (MEMC), a leading player in the solar industry. The system is to be used in MEMC’s solar cell production facility in Malaysia.
Memstar Technology says it has secured four Transfer-Operate-Transfer (TOT) projects in China to treat municipal and industrial wastewater with a total capacity of 200,000 cubic metres/day. The concessionary period covered under the TOT arrangement is between 20 to 30 years. The total project value is estimated to be RMB225 million ($44.7 million).
Keppel Singmarine, the specialised shipbuilding arm of Keppel Offshore & Marine (Keppel O&M), has delivered its fourth multi-purpose platform supply & support vessel (MPSSV) to Greatship Global Offshore Services with a perfect safety record, meriting a bonus of US$10,000 ($13,315).
The 94-metre long MPSSVs are each equipped with two units of electrically-driven 2600KW Azimuth thrusters and three units of 1050KW tunnel thrusters to achieve Dynamic Positioning II capability. They are capable of supporting offshore exploration, production and subsea construction activities and were built in compliance with the new SPS Code 2008 to meet stringent standards of safety and stability.
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