SEMBCORP MARINE’S SEMBAWANG SHIPYARD TO REVITALISE 'VOYAGER OF THE SEAS'

Mr. P.K. Ong, Deputy President of Sembcorp Marine and Managing Director of Sembawang Shipyard said "We are very pleased to be chosen by Royal Caribbean for the revitalisation of Voyager of the Seas. We have over the recent few years, focused strongly on the development of our fast-growing niche markets, one of which is the cruise ship repairs/upgrades and conversion market. 

As such, we are delighted with this award from Royal Caribbean. Our dedicated Sembawang cruise ship project team has worked very well with Royal Caribbean’s team on several ships and look forward to another successful collaboration on Voyager of the Seas. We thank Royal Caribbean for the support and the confidence in our Shipyard.”

Mr. Kevin Douglas, Vice President, Technical Projects and Newbuild, Royal Caribbean Cruises Ltd. said “Sembawang Shipyard is a very technically competent and efficient shipyard, and, as such, is one of our preferred partners. We are very happy to work with them again as part of Royal Caribbean International’s ongoing fleetwide revitalization.

The Shipyard will help introduce on Voyager of the Seas many of the innovative and most popular onboard amenities that debuted on the Oasis-class of ships, as well as brand new innovative concepts that will greatly elevate the experience for our guests.”

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.

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.

Headquartered in Singapore, 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.

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.Besides its proven expertise in the sectors of tankers, bulk carriers and container / cargo vessels, the shipyard is also recognised as a specialist in the niche markets such as passenger ship conversion / upgrading/ repairs, LNG carrier repairs, FPSO conversion, offshore conversion and newbuilding, damage repairs and repair of chemical tankers, liquefied gas carriers and navy ships. Today, Sembawang Shipyard’s portfolio of partners and customers include internationally renowned cruise ship owners and operators, including Carnival Corporation, the world’s largest cruise company with an impressive portfolio of leading cruise brands, Royal Caribbean Cruises Ltd., the world’s second largest cruise company, and Star Cruises, Asia’s leading cruise liner.

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. 

SEMBCORP