Sembmarine Completes PPL Shipyard Acquisition

Singapore’s offshore rig builder Sembcorp Marine, also known as Sembmarine, has completed the acquisition of the remaining 15% equity stake in PPL Shipyard (PPLS).

As reported last Wednesday, Sembmarine had reached a deal with PPL Holdings Pte Ltd (PPLH) and E-Interface Holdings Limited (EIHL) to acquire the remaining 15% in the shipyard for $115 million.

Sembcorp Marine made an initial 50% investment in PPLS back in 2001. In 2003, the company increased its stake in PPLS to 85% and also agreed the terms of the sale by PPLH and EIHL of their balance 15% shares in PPLS.

The company said on Monday that the transaction was completed on the same day and that, as a result, PPLS has become a wholly-owned subsidiary of the company.

Providing rationale for the transaction, Sembmarine said the move would enable it to optimally manage the businesses, finance, and resources of PPLS, and fully align the latter’s corporate strategies to the company to generate sustainable returns.

PPL Shipyard is in the business of designing, constructing, repairing and improving oil rigs, ships, and other ocean-going vessels.


We will send you a guide on how to do GC3 Practical from NEBOSH and we have created many videos for you to understand how the marks will be awarded. We will remind you when you can start the GC3 practical and when to submit the GC3 practical.

To find out more about Cert IV TAE
For more information on HSE Coach Courses
For more information on FPSO courses
For more information on NEBOSH Courses
Simply Safety is a Singapore international center for Safety, Health and Environmental training. We conduct courses accredited by NEBOSH and other courses such as OGSC FPSO Courses, WDA courses, MOM Accredited Courses, Australian Cert IV (Australian ACTA),online international certificate courses as well as a range of short courses designed to meet specific industry needs.
For more information about NEBOSH IGC, please visit our NEBOSH IGC page. You may also reach us at or visit us at



Recent Posts

Satisfaction Guarantee

Simply Safety Guarantee

We guarantee that our service will help you and your company. If you are not satisfied, we'll provide you more services, more than what you've paid for.

Privacy & Security

Simply Safety Guarantee

All your information is safe and secure. The entire transaction will take place on a secure server using SSL technology.

LiveZilla Live Chat Software