Sembcorp Marine is to refurbish and drydock 13 cruise ships on behalf of Carnival Cruise Line, Royal Caribbean Cruise Line, Star Cruises, Norwegian Cruise Line and Star Clippers Monaco.
The projects will be carried out at the company’s Admiralty and Tuas Boulevard yards.
Including the latest contracts, the company claimed it had refitted and upgraded 115 cruise ships in the past 10 years.
Sembcorp Marine expects a positive contribution to its earnings from the contracts, but they are not expected to have any material impact on the group’s net tangible assets and earnings per share for the year ending 31st December, 2019.
The company’s president and CEO, Wong Weng Sun said that while the company is “expanding into new innovations, products and energy value chain solutions,” it is still “proud to retain its traditional excellence in shiprepairs and upgrades.”