The latest win should bring SembMarine's pipeline of project secured for 2018 to between $1.2 billion and 1.9 billion, says UOB.
SINGAPORE (Oct 25): UOB KayHian is keeping its ratings for Sembcorp Marine unchanged for now despite reports the yard had won the Shell Vito project.
No formal value was provided in the reports but total contract value is estimated at US$1.25 billion ($1.7 billion).
