Sembcorp Marine Signs Construction Contract with Heerema to Build the World’s Largest Semi-submersible Crane Vessel

Singapore, July 15, 2015: Sembcorp Marine
(SCM) is pleased to announce that it has entered into an Engineering and
Construction contract worth approximately USD1 billion with Heerema Offshore
Services B.V. (HOS) to build a new DP3 semi-submersible crane vessel (NSCV).
This follows an earlier exclusive letter-of-intent signed between SCM’s wholly
owned subsidiary Jurong Shipyard Pte Ltd and HOS in March this year for the
NSCV.

Scheduled
for delivery in the fourth quarter of 2018, the NSCV is designed for the
installation and decommissioning of major offshore facilities world-wide. It
will be equipped with two Huisman heavy-lifting offshore cranes of 10,000 MT
lifting capacity each and a large reinforced work deck area. With the vessel
length of 220 metres, width of 102 metres and displacement of 273,700 MT, the
NSCV will be the largest dual-fuel semi-submersible crane vessel in the world.

The NSCV will be built at the Sembcorp Marine Tuas Boulevard Yard, a
state-of-the-art yard facility designed to maximise operational synergy and
production efficiency. Phase 1 of Tuas Boulevard yard spans 73.3 hectares and
is equipped with four VLCC drydocks with a total dock capacity of 1.55 million
deadweight tonnes. Phase II spans 34.5 hectares and will include a steel fabrication
facility and another three dry docks, including an offshore dock measuring 255
metres by 110 metres where the NSCV will be built.

Mr Jan Pieter Klaver, CEO of Heerema Marine Contractors, said: “We strongly
believe in the successful cooperation between Sembcorp Marine and Heerema to
build the world’s largest semi-submersible crane vessel. The new vessel’s two
Tub Mounted Cranes and dual fuel engines will enable Heerema Marine Contractors
to offer unparalleled installation and decommissioning services. This will meet
our long-term strategy of delivering the best possible services to the global
offshore oil and gas industry.”

Mr William Gu Wei Guang, Head of Sembcorp Marine Rigs & Floaters, said: “We
are thankful and pleased that HOS has placed their trust and confidence in
Sembcorp Marine to deliver the world’s largest heavy lift vessel. With our new
facilities at Tuas that boost deeper quayside draft and wider dock space, we
are confident that we will be able to meet our customer’s expectations. This is
also in alignment with our strategic vision to penetrate into the Deep water
draft market segment and also serves as a great testimony to our continuous
commitment in providing one-stop, tailor-made solutions to our customers ”

The contract is not expected to have any material impact on the net tangible
assets and earnings per share of Sembcorp Marine for the year ending December
31, 2015.

About Heerema Offshore Services



Heerema Offshore Services B.V. is a subsidiary of Heerema Marine Contractors
Nederland Holding SE (HMC), a world leading marine contractor in the
international offshore oil and gas industry. HMC excels at transporting,
installing and removing offshore facilities. These include fixed and floating
structures, subsea pipelines and infrastructures in shallow waters, deep and
ultra-deep waters. The company is headquartered in Leiden, the Netherlands.

About Sembcorp Marine


Sembcorp Marine provides innovative engineering solutions to the global marine
and offshore industry, drawing upon more than 50 years of track record. Our
customers include major oil companies, drilling contractors, shipping companies
as well as owners and operators of floating production units. 
We
operate shipyards strategically located in Singapore, India, Indonesia, the United
Kingdom and Brazil.



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