SembMarine wins $20m conversion contract

Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an $20 million contract from Golar LNG Energy to convert the LNG Khannur, a Liquefied Natural Gas (LNG) tanker, to a Floating Storage and Regasification Unit (FSRU) which would be renamed as West Java FSRU.

The 125,000-cbm LNG tanker, which arrived in Jurong Shipyard recently, will be converted into a FSRU capable of producing 500 MCFD (million cubic feet per day) of gas, with a regasification capacity of 3.8 MTPA (million metric tonnes per annum).

On conversion completion, the vessel will be installed 15km offshore Muara Karang, Jakarta Bay, in Indonesia, where it is contracted to operate until the end of 2022, with provision for further automatic extension options to 2025 subject to certain contract conditions.

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  2. Keppel, SembMarine outperform again; RBS prefers SembMarine
  3. Daiwa raises SembMarine to $6.05; keeps outperform
  4. Sembcorp Marine says secures around $600m contract

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