Here's a wrap-up of the battle between shipping sector's Big 2

Keppel, Sembcorp bagged $20.9b worth of contracts.

According to UOB Kay Hian, the Singapore shipyard sector outperformed the FSSTI by 8% in 1H12, but it reversed its performance in 2H12 with an underperformance of 8%.

Overall, the sector underperformed marginally by 0.8% in 2012. Performance in the sector was mixed. The best performers in 1H12 were Sembcorp Industries (SCI) and Sembcorp Marine (SMM) which outperformed the FSSTI by 18% and 16% respectively on SMM’s strong contract wins and SCI’s sterling utilities performance.

However, they lost ground in 2H12 with an underperformance of 8% and 14% respectively, as SMM’s operating margins came in lower-than-expected.

Petrobras rig orders are finally in the bag. In 2012, Keppel Corp (Keppel) and SMM won new contracts worth S$9.9b and S$11.0b respectively.

Here's more from UOB:

Of the contracts won by Keppel, S$6.3b was Petrobras-related orders (Sete Brasil placed a US$4.1b order for five semi-submersible rigs while Petrobras awarded a US$950m contract for FPSO module fabrication and integration).

As for SMM, of the S$11.0b worth of new contracts won by the group, S$6.9b was Petrobras-related (orders amounting to US$5.6b for seven drillships from Sete Brasil and a US$674m contract for FPSO module fabrication and integration).

Non-Petrobras related contracts in 2012 amounted to S$5.0b for Keppel and S$4.2b for SMM.

2012 saw total orders for 61 drilling rigs (2011: 92) globally, comprising 22 jack-ups (2011: 45), 12 semi-submersible rigs (semis) (2011: 7), 22 drillships (2011: 36) and 5 tender rigs (2011: 4).

Of these, Singapore rig builders Keppel and SMM secured 10 jack-ups (45% market share), 8 semis (67% market share) and 7 drillships (32% market share).

Of the semis, 5 were due to the order placed by Sete Brasil to Keppel and of the drillships, all 7 units were orders by Sete Brasil to SMM’s Brazilian shipyard.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.25230.000.00%
    USDSGD=X
    1.7295-0.0007-0.04%
    EURSGD=X
    2.1029-0.0012-0.06%
    GBPSGD=X
    81.9636+0.1813+0.22%
    SGDJPY=X
    6.1919-0.00010.00%
    SGDHKD=X
    2.5912+0.0057+0.22%
    SGDMYR=X
    9,119.2236+0.36130.00%
    SGDIDR=X
    4.9719+0.0015+0.03%
    SGDCNY=X
    1.1675-0.0013-0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.00-7.90-0.61%
    GCQ14.CMX
    19.60+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.05+0.02+0.51%
    HGK14.CMX
    104.30+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.116+0.001+0.87%
    B22.SI
    0.129+0.004+3.20%
    545.SI
    2.190.0000.00%
    JS8.SI
    0.143+0.004+2.88%
    5GB.SI
    0.49+0.010+2.08%
    5GJ.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.26+0.045+20.93%
    5UE.SI
    0.485+0.020+4.30%
    5UL.SI
    0.74+0.045+6.47%
    L02.SI
    0.16+0.010+6.67%
    A03.SI
    1.37+0.070+5.38%
    U5S.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    26.61-0.960-3.48%
    HD9.SI
    0.565-0.025-4.24%
    G08.SI
    0.275-0.005-1.79%
    M1Z.SI
    0.28-0.005-1.75%
    B69.SI
    0.3050.0000.00%
    L28.SI