It had been a harrowing ride for SembCorp Marine as the world number 2 oil rig builder faces crisis after crisis in the aftermath of the global oil slump. The past few years had seen Sembcorp making an explosive impairment amounting to $609 million in FY2015, a legal battle against Marco Polo Marine and the intriguing possible link to Sete Brasil corruption scandal.
However, in early 2018, United States President Donald Trump had proposed an aggressive plan to transform the country into a superpower energy plan. Against the backdrop of improving oil price, can SembCorp Marine ride out the storm?
The four key capabilities of SembCorp Marine are Rigs & Floaters, Repairs & Upgrades, Offshore Platforms and Specialized Shipbuilding. The businesses of SembCorp Marine are all in direct competition against fellow peer, Keppel Corporation.
But unlike Keppel, SembCorp Marine is a pure offshore and marine company and therefore …