Former ST Marine President Pleads Guilty to Corruption
Chang Cheow Teck, the former President of ST Marine, has pled guilty to one charge under section 157(1) of the Companies Act. Chang was sentenced to a Short Detention Order of 14 days. Change served as ST marine president from March 2008 to April 2010, and was also the former President of Singapore Technologies Aerospace Ltd from May 2010 to June 2014.
Doo Appointed Chairman of ST Marine
* Mr Lim Ah Doo, an independent non-executive Director of ST Engineering and Director of ST Marine, will succeed Mr Desker as Chairman of ST Marine. Mr Desker, who served as ST Marine Board Chairman since 2000, has guided the Company through different stages of growth, with revenue now standing at about $960m in 2015, compared to about $360m in 2000. “On behalf of the Board of Directors and the Management, I would like to acknowledge Barry’s invaluable contributions to the ST Marine Board. We wish him all the best,” said Mr Kwa Chong Seng, Chairman of ST Engineering.
ST Marine Celebrates LMV Sovereignty Launch
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching Ceremony today for the second Littoral Mission Vessel (LMV), Sovereignty, designed and built for the Republic of Singapore Navy (RSN). The Launch Ceremony was officiated by Mr Teo Chee Hean, Deputy Prime Minister and Coordinating Minister for National Security. Initiating the launch of the vessel at ST Marine’s Benoi Yard was DPM Teo’s wife, Mrs Teo Chee Hean.
Oman Navy Receives New Patrol Vessel
Singapore Technologies Marine Ltd (ST Marine) delivered the second Patrol Vessel RNOV Shinas to the Royal Navy of Oman (RNO). The Company also held the Naming Ceremony for the third PV RNOV Sadh built for the Navy. The Guest-of-Honour was the Commander of the Royal Navy of Oman, Rear Admiral (RADM) Abdullah bin Khamis bin Abdullah al-Raisi. The contract for the design and build of the four Al-Ofouq Class of PVs was awarded by the Ministry of Defence of the Sultanate of Oman through a competitive international tender in April 2012.
VT Halter Announces Leadership Promotions
VT Halter Marine, Inc., the Pascagoula, Miss. based shipbuilding subsidiary of Vision Technologies Systems, Inc., today announced several promotions within its leadership team. The shipbuilder named Richard A. Zubic (Rick Zubic) to Executive Vice President, Shipbuilding; Rob Mullins to Senior Vice President, Strategy and Estimating; Harry Bell to Vice President, Sales and Marketing; Pawan Agrawal to Vice President Repair; and Phil Adams joins the VT Halter Marine team as Senior Vice President. “These professionals bring a wealth of knowledge, experience and dedication to our company.
Criminal Proceedings Against Ex-Employee of ST Marine
On 12 September 2011, Singapore Technologies Engineering Ltd announced that the Corrupt Practices Investigation Bureau (“CPIB”) was investigating certain transactions involving former and current employees of Singapore Technologies Marine Ltd (“ST Marine”). ST Marine has been extending its fullest cooperation to the CPIB in its investigation since 2011. We also refer to our announcement on 11 December 2014 in relation to the criminal prosecution of three former employees of ST Marine.
ST Marine Celebrates Naming of RNOV Al Seeb
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the naming ceremony today for the first Patrol Vessel (PV) built for Royal Navy of Oman (RNO). The Guest-of-Honour was His Excellency Sayyid Badr bin Saud bin Harub Al Busaidi, Minister Responsible for Defence Affairs of the Sultanate of Oman. ST Marine won the contract to design and build four PVs for RNO in 2012. This contract was awarded by the Ministry of Defence of the Sultanate of Oman through a competitive international tender.
Singapore Navy Patrol Boat Order for ST Engineering
Singapore Technologies Engineering wins Ministry of Defence (MINDEF) contract for the design & build of eight new vessels. The Group’s marine arm, Singapore Technologies Marine Ltd (ST Marine) will build the eight vessels at its Singapore Benoi Yard. Singapore Technologies Electronics Limited (ST Electronics), the Group’s electronics arm, will supply the core combat systems and combat system integration solutions. ST Marine will carry out the platform system integration as the lead system integrator.
Valuable Shipbuilding & Repair Contracts Won by ST Engineering
Singapore Technologies Engineering’s Marine Sector wins S$179-million worth of shipbuilding and repair contracts. The contracts include a contract to build two additional Offshore Support Vessels (OSVs) as well as a series of repair and upgrading projects. Hornbeck Offshore Services, LLC (Hornbeck) has exercised the options for two additional OSVs valued at about S$111m (US$89m), to be built by the marine sector’s US shipyard, VT Halter Marine. These two new vessels are expected to be delivered in the fourth quarter of 2014 and first quarter of 2015.
ST Engineering Wins $60m Shipbuilding Contracts
Singapore Technologies Engineering Ltd (ST Engineering) reports that its marine arm, ST Marine, has won two shipbuilding contracts worth about $60m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited. These contracts to build and outfit two Anchor Handling Tug Supply (AHTS) vessels, measuring 92m by 22m, are in addition to the existing shipbuilding contract with SPO, announced in June 2011 for four AHTS vessels. For these contracts, SPO will supply a larger proportion of the major equipment for ST Marine’s integration and installation.
Heavy Lift Hoverbarge Solutions
Hovertrans Solutions Pte. Ltd., is a designer and manufacturer of hoverbarges for heavy lift in difficult terrain in the global oil and gas, and specialist transportation industries. The company will make its debut at the Offshore Technology Conference 2010 to be held in Houston, Texas, from 3-6 May. The amphibious hoverbarge is capable of carrying thousands of tonnes in payload over swamps / wetlands, tundra, ice and shallow water, and opens up possibilities for oil and gas exploration and remote field development.
ST Engineering to Build Two Tugs for OSG
ST Engineering announced that its US shipyard VT Halter Marine Inc (VT Halter Marine), has signed a contract with subsidiaries of Overseas Shipholding Group, Inc. (OSG) to build two 8,000 ATB tugs worth over $21m. VT Halter Marine is the U.S. operation of ST Engineering's marine arm, ST Marine. The tugs will be built over 16 months at VT Halter Marine’s Moss Point Marine shipyard with deliveries expected in the second and third quarters of 2011. Measuring 140.4 ft by 38 ft each…