Stock News: Sembcorp Marine wins 165.5 mln USD deal!

SembCorp Marine unit wins 165.5 mln usd rig deal SembCorp Marine said unit Jurong Shipyard has won a 165.5 mln usd order for a deep drilling offshore jack-up rig from JackInvest I Pte Ltd, a unit of Larsen Oil and Gas. Construction of the jack-up rig is expected to start next month and it is expected to be delivered by December 2008. "Barring unforeseen circumstances, SembCorp Marine expects a positive contribution to its earnings from the contract," the company said in a statement. However, it said that the contract is not expected to have any material impact on the net tangible assets and earnings per share of SembCorp Marine for this year.