Sembcorp Marine disappointed by low order intake. Expects tough 2H 2019

first_imgProviding his take on the state of the offshore and marine industry so far this year, Wong Weng Sun, President & CEO – Sembcorp Marine: “The offshore and marine industry continued to gradually recover. Global capex spend for offshore exploration and production activities continued to improve, especially for production facilities. Offshore drilling activities have also gradually improved. Overall, the industry remained at its initial stage of cycle recovery, with long orders development period and competition remained intense.”Sembcorp Marine, which earlier this month delivered the world’s largest SSCV vessel – Sleipnir – said its main priority is building up the order book.Also, while Sembcorp has traditionally been seen as a rig and platform builder, most of its orders this year came from other sectors, including construction of a 12,000-cubic-metre (cbm) LNG bunker vessel as well as repair and modernization work on 13 cruise ships.“With insufficient new orders secured in the last few quarters, the company is expecting the losses for the second half to be higher than the first half,” CEO“We have been actively responding to an increasing pipeline of tenders and inquiries for various engineering solutions and projects related to the production and gas value chain segments, as well as in specialized shipbuilding projects. We are also participating in front end engineering design (FEEDs) and pre-FEEDs requested by potential customers. We remain hopeful for securing new orders in the foreseeable quarters,” the CEO said.Despite the hopes and optimism, the CEO also acknowledged the challenges ahead.He said: “Overall, challenges in the offshore and marine sector persist and it will take some time before we see a sustained recovery in new orders, while competition remains intense and margins compressed. With insufficient new orders secured in the last few quarters, the company is expecting the losses for the second half to be higher than the first half, with the full-year losses projected to be similar in range to last year’s losses.”Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit. Singapore’s vessel and rig builder Sembcorp Marine reported a net loss of $9.3 million in the second quarter of 2019, citing continued low overall business volume, and posting a disappointing order intake in the first half of the year.Illustration: Sembcorp MarineWhile posting a quarterly loss, this is an improvement compared to a loss of $56,5 million in the second quarter of 2018. The company’s turnover in the second quarter fell to $731 million down from $1,67 billion a year ago.Sembcorp said Tuesday its turnover had decreased predominantly due to lower revenue recognition from rigs and floaters and offshore platform projects, mitigated by higher repair and upgrade revenue.Also, for the first half of the year, the company added $175 million in new orders, the amount Sembcorp Marine described as disappointing.Sembcorp Marine blamed the disappointing order intake on a tender cancellation arising from changes in project ownership, and delays in final investment decisions for several projects.The company’s net order book at the end of the first half of the year was $5.2 billion. However, excluding the seven Sete drillships (which have been classified as projects in a suspended state,) the company’s net order book stands at $2.1 billion.Source: Sembcorp MarineOrderbook the main prioritylast_img read more

Who will be in the backfield with Ball?

first_imgWith Bradie Ewing (34) heading to the NFL, Wisconsin has to figure out who’s going to be in the backfield with Montee Ball in 2012. UW has played around with two-running back sets this spring.[/media-credit]Nobody in his or her right mind would label the Wisconsin football team’s backfield a place of consternation heading into the 2012 season.But the departure of fullback Bradie Ewing has, however, left the backfield somewhat lopsided.For the last two years, Ewing has been the trusty 6-foot, 245-pound hammer clearing the path for three 1,000 yard rushers and a Heisman Trophy finalist.Without Ewing, Wisconsin’s backfield remains stockpiled with talent at running back – with Montee Ball being just the tip of the iceberg – but void of experience at fullback.Despite the reserves of talent at running back, Ball obviously deserves the majority of the carries after a 1,954 yard, 39-touchdown season in 2011. But with holes elsewhere on the offense, it’ll become increasingly difficult to keep James White, who eclipsed 1,000 yards two years ago as a freshman, and the rising talents of Melvin Gordon and Jeff Lewis, on the bench.But none of them have the size or appropriate skill set to just switch to fullback and complete the backfield. So what’s a coach to do?Get creative.“Each day we’re just kind of looking at different packages,” offensive coordinator Matt Canada said. “We have very talented players, so [we’re] trying to find the best combinations. That’s kind of what the spring’s about.”That experimental process has resulted in the Badgers toying with various formations with two running backs on the field in order to maximize the available talent.Sometimes both Ball and White will appear behind the quarterback, which allows UW to play with a newfound decoy element. Other times, White will line up as a slot receiver and Ball as the lone back.With wide receiver Jared Abbrederis sidelined for the spring and inexperience plaguing the rest of the corps, Ball and White have even been appearing in the slot positions in five-receiver sets.After rushing for 1,052 yards as a freshman on 156 carries, White saw his role on the Badgers’ offense shrink after Ball emerged as one of the nation’s top ball carriers. White’s carries fell to 141 as a sophomore, and he covered 713 yards on the ground.“It’s been a lot of fun,” White said of the two running back sets. “[It keeps] the defense off-balance; they won’t know what to look for when we’re both on the field.”But Wisconsin doesn’t have any intentions of getting rid of the fullback position, either. The Badgers have turned to redshirt sophomore Sherard Cadogan – a 6-foot-3, 236-pound former tight end – and Derek Straus, a 6-foot, 230-pound walk-on redshirt freshman.Both have impressed coaches so far, but Cadogan, who already has the transition to fullback behind him after playing both positions last year, has been practicing with the No. 1 offense.Despite his familiarity at tight end, Cadogan hasn’t played much at H-back – a fullback-tight end hybrid employed by UW in the past. Canada and running back coach Thomas Hammock didn’t rule it out in the future, but the message is clear.For now, at least, they want to shape the New Jersey native into Ball’s lead blocker.“Blocking for Montee, that’s a big deal,” Cadogan said. “Anyway I can get on the field and anyway I can help the team. … I bought in pretty good (to the transition), and I understood it.”Cadogan appeared in nine games last season but didn’t record any statistics. In anticipating a full jump to the backfield, he spent the offseason trimming down from the 255-pound frame he sported a year ago. Now the trick is to just get his number called on Saturday.As demonstrated by Ewing, the mark of a well-made fullback at Wisconsin is how many times the offense runs its standard formation – two wide receivers, a tight end and a fullback to go along with the running back.Long before Wisconsin began experimenting with two running back sets, the Badgers regularly traded a fullback for an extra tight end. But according to Bielema, Ewing was good enough to justify calling the standard formation 20-30 times a game in 2011.So in order to get on the field and stay there, Cadogan – and Straus – must prove to be worth planning around.“Watching Bradie last year, you know how big of a player he was for the team,” Cadogan said.Ewing succeeded by being a multidimensional piece for the Badgers. His run and pass blocking were invaluable for last year’s record-setting offense, and he also served as a reliable checkdown on passing plays, hauling in 20 passes for 246 yards.The Special Teams Player of the Year team award Ewing won last year is a testament to just how hard he worked.“You got to be unselfish, you got to be tough, you got to disciplined, you got to be hard working – all the things that may not get you on the stat line but definitely show up every week when we we’re watching film,” Hammock said.If that’s what it takes to be in the backfield with Ball, Cadogan feels ready.“Even coach [Bret Bielema] came up to me saying, ‘They need a fullback out there,’” he said. “I love blocking, I love catching the ball too.”last_img read more

Bookmakers odds-on for Scots Referendum ‘Part Deux’ before 2020

first_img StumbleUpon Share Share Submit SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 Paddy Power raises awareness of Missing People with Motherwell ‘silhouette’ stand August 7, 2020 Related Articles Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 As Prime Minister Theresa May is handed the right to ‘trigger Article 50’ by Parliament, beginning the negotiations for the UK to leave the European Union, Scotland’s SNP has begun to push for its ‘second referendum’ appeal.Declaring SNP’s political intent, Scotland’s First Minister Nicola Sturgeon stated that her party would seek for a government referendum approval between the autumn 2018-2019 ahead of any potential UK National Election.Reacting to the news, UK bookmakers’ Paddy Power and William Hill have priced a ‘Second Scottish Referendum’ at odds-on to take place before the end of 2020.Should the SNP succeed on gaining its second referendum, William Hill has priced at 4/6 that the Scottish electorate will vote in favour of independence breaking up the United Kingdom‘A second Indie Ref before the end of 2024, and quite possibly before the end of 2020, now looks inevitable, and we believe it is an odds chance that it will produce a vote in favour of independence’ said William Hill spokesman Graham Sharpe.However, at present bookmaker market opinion differs, despite scepticism from commentators Paddy Power politics put the referendum at 2/5 to pass, and 13/8 to fail.“Whenever it does come, it seems pretty likely that it’ll pass – though the early money from our punters is on it failing. Hardly the vote of confidence Sturgeon will have wanted.” Paddy Power Politics commented in statementlast_img read more

Steve Colwell, 62, Wellington: Feb. 22, 1953 – April 3, 2015

first_imgSteve ColwellSteve Colwell, 62, of Wellington passed quietly into his next life Good Friday morning, April 3, 2015 at Wesley Medical Center in Wichita.Private family services will be held at a later date. Arrangements are with the Shelley Family Funeral Home of Wellington. For further information please visit Ray Colwell the son of Bill and Dorthy (Cruson) was born February 22, 1953 in McAlister, OK. Steve graduated from Wellington High School in 1971. Steve served his country in the United States Navy. During his lifetime he was employed by the Wellington Fire Department from 1973-1986, reaching the rank of Captain, a detention supervisor at Sumner County Sheriff’s department from 1990-2013 and the planning and zoning department of Sumner County until retirement. He loved to travel, listen to music and going to the movies.He is survived by his brother, Paul Colwell (Nancy); son Logan Fuller (Jill); grandsons, Luke and Cal; nieces, Jenifer Biggs (Jeff), Darcy Frazier (Rob), Erin Davis; and nephew Mack Colwell (Ashley); great nieces, Sarah, Schalee, Bailey, Taylor, Lauren, Brooklynn, Rahlee, Natalie, and Casey; and great, great nephew Sawyer.He is preceded in death by his parents.last_img read more

Frank Lampard’s MLS debut delayed after Chelsea legend picks up training injury

first_img Frank Lampard 1 Frank Lampard’s eagerly awaited debut for New York City FC has been delayed after the former Chelsea midfielder picked up a leg injury in training.Lampard had been expected to make his Major League Soccer bow in Sunday’s match against Toronto FC, but suffered a calf strain while preparing for the Yankee Stadium encounter.Chelsea’s all-time leading goalscorer, who played for Manchester City during the 2014-15 Premier League season after leaving the Blues at the end of the previous campaign, could now feature in next Sunday’s game against New England Revolution.“I’m hugely disappointed to be missing out on Sunday’s game, which I have been really looking forward to. I’ve been feeling great in training and have loved working with the squad. Unfortunately I sustained a small strain to my calf during a session,” Lampard told his club’s official website.“Whilst I’ve been taking it day by day since then and have been involved in light training, I’ve just been advised by the medical team that it needs a few days’ rest for it to heal fully.“As I say, it’s personally very disappointing for me but these things happen in football. The good news is that I should be back in full training next week.“While I was desperate to play a role on Sunday, I have to take the advice of our medical team to let it heal and not risk further injury so I can get back on the pitch and play a full role as soon as possible.”The former England midfielder signed for the then newly formed MLS side in July last year but delayed his stateside arrival to help City finish runners-up to Chelsea in the recently-completed Premier League campaign.last_img read more