Company Briefs: Sembcorp Marine

Sembcorp Marine

A Sembcorp Marine subsidiary is joining forces with a Houston firm to design and build at least two large compressed gas liquid carriers, the firm said yesterday.

Sembcorp Marine Specialised Shipbuilding and SeaOne Caribbean have signed a letter of intent for the 366m vessels. The ships, with a two billion cubic ft capacity, will carry gas and gas liquids in one cargo from Mississippi to the Caribbean and Central and South America.

Sembcorp Marine shares added five cents, or 3.2 per cent, to close at $1.63, before the announcement.

Singapore Exchange

The Singapore Exchange (SGX) unveiled the SGX Iron Ore Futures Indices yesterday.

It comprises two total return indices for exposure to the seaborne iron ore market.

The suite of inverse and leveraged indices will be used as benchmarks for tradable products and licensed to Korea-based Daishin Securities.

Spackman Entertainment Group

A recently acquired unit of Catalist-listed Spackman Entertainment Group will outfit an upcoming Netflix series in a deal tentatively worth 320 million won (S$382,200), it said yesterday.

Frame Pictures will supply the camera systems and equipment for the online media giant's first Korean original production, a drama series set to air next year. Spackman Entertainment executive chairman and chief executive Charles Spackman said Frame Pictures has a "strong pipeline of projects for the second half" of the year.

Sunpower Group

Mainboard-listed Sunpower Group has secured two construction projects worth more than 500 million yuan (S$102.5 million), the China-based energy company said yesterday.

One wholly owned subsidiary has struck a deal to build and run a power plant in Shanxi province. The agreement with the local government of Xinjiang county is estimated to involve an investment of 490 million yuan.

Another wholly owned unit will supply petrochemical equipment in a 53 million yuan contract with Zhejiang Petrochemical, which is working on an oil refinery and petrochemical complex on the island of Zhoushan.

A version of this article appeared in the print edition of The Straits Times on September 19, 2017, with the headline 'Company Briefs'. Subscribe