Seatrium Ltd 2016 AR2
The report highlights Sembcorp Marine's financial turnaround in 2016, returning to profitability with a net profit of $79 million and generating positive operating cash flow of $669 million despite severe market challenges. The company completed key strategic acquisitions, including full ownership of PPL Shipyard and controlling stakes in Gravifloat, Aragon, and LMG Marin, to expand its capabilities into non-drilling and gas solutions. On the sustainability front, Sembcorp Marine launched the Sembcorp Marine Lab @ NTU to develop eco-friendly technologies and achieved several R&D milestones, such as the Semb-Eco LUV ballast water treatment system. Additionally, the company completed the Phase II development of its flagship Tuas Boulevard Yard, enhancing its long-term competitiveness.
Company: Seatrium Ltd
Sector: Manufacturing
Country: Singapore
Year: 2016
Type: AR2
Pages: 298
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Seatrium Ltd
Annual Report
The report highlights Sembcorp Marine's financial turnaround in 2016, returning to profitability with a net profit of $79 million and generating positive operating cash flow of $669 million despite severe market challenges. The company completed key strategic acquisitions, including full ownership of PPL Shipyard and controlling stakes in Gravifloat, Aragon, and LMG Marin, to expand its capabilities into non-drilling and gas solutions. On the sustainability front, Sembcorp Marine launched the Sembcorp Marine Lab @ NTU to develop eco-friendly technologies and achieved several R&D milestones, such as the Semb-Eco LUV ballast water treatment system. Additionally, the company completed the Phase II development of its flagship Tuas Boulevard Yard, enhancing its long-term competitiveness.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women in Management
Workplace Fatalities
Employees