SembMarine

SembMarine: signs long-term alliance contract with Canada's Teekay Marine Services. The long-term maintenance and refit alliance contract will see all Spore-docked Teekay vessels (estimated 6-8 vessels/ yr) go to Sembawang Shipyard for repairs, refurbishment and upgrading. Such contracts are not new to SMM, which has other Evergreen Favored Customer Contracts as well, but this latest order still represents another feather in its cap.