Sembcorp seeks to privatize Sembcorp Marine
Predicting a merger of Sembawang and Keppel's marine and offshore activities is a favorite pastime among some analysts. But for now Sembcorp is saying that the present privatization is aimed at easing a merger of Sembcorp Marine with its own Sembawang Marine and Offshore Engineering Pte Ltd.
Sembcorp Marine was formerly known as Jurong Shipyard Limited, it acquired Sembawang Shipyard, Karimun Shipyard and Bohai Shipyard in 1997 and its name was changed to SembCorp Marine Ltd on January 14, 2000 . It has eight shipyards, five in Singapore and one each in Indonesia, China and Brazil: