01 Mar 2004

Sembawang Shipyard ― the first major Singapore shipyard to achieve IMO’s International Ship and Port Facility Code Compliance

SembCorp Marine is pleased to announce that its subsidiary Sembawang Shipyard is the first major shipyard in Singapore to be presented with the Provisional Statement of Compliance of a Port Facility for meeting the IMO.s International Code for the Security of Ships and Port Facilities (the .ISPS. code) at its facility located in Sembawang.

At a ceremony held on February 27, 2004 at the shipyard, Captain M. Segar, Port Master, Maritime and Port Authority of Singapore (MPA) presented the provisional certificate to Mr P K Ong, Executive Director of Sembawang Shipyard.

The ISPS code requires ships. crew and ports to train their staff and develop comprehensive, audited security plans and procedures to counter security threats.

The approval of Sembawang Shipyard’s facility security procedures and plans is well ahead of Singapore.s earlier deadline of April 1, 2004 and the official IMO July 1, 2004 deadline.

Sembawang Shipyard.s Chairman, Mr Heng Chiang Gnee said, .We are very pleased to be given the certification. In view of our business clientele such as the oil majors and major international shipping companies, besides health, safety and environment policies, security is also an important aspect of our
business deliverables. This achievement of early ISPS certification demonstrates the shipyard.s security preparedness and pro-action..

Sembawang Shipyard has CISCO Singapore as its RSO (Recognised Security Organisation) and had submitted its security plan to MPA since February 2, 2004.

Captain Segar commended Sembawang Shipyard.s efforts. He said .The early certification of Sembawang.s compliance with the ISPS Code is recognition of the shipyard.s pro-active efforts in this area. It took an early lead in its security preparation and by October 2003, was able to share on its experience on shipyard security with more than 450 maritime personnel at an MPA seminar. I encourage other port facility operators to step up their efforts to ensure early compliance.

Mr P.K.Ong, Executive Director of Sembawang Shipyard,
receiving the provisional certificate from Captain M. Segar,
Port Master, Maritime and Port Authority of Singapore (MPA)

About Sembawang Shipyard

Sembawang Shipyard is a wholly-owned subsidiary of SembCorp Marine, the marine engineering arm of SembCorp Industries. Sembawang Shipyard has one of the largest integrated ship repair facilities in Southeast Asia. The shipyard’s world-class reputation is based on the company’s commitment to high Quality, Health Safety and Environment standard, timely delivery, superior customer service and innovative solutions.

Sembawang Shipyard has more than three decades of experience and proven track record in ship repair and offshore conversions, servicing an average of 220 vessels of all types annually for an international clientele in the oil, bulk, chemical and gas trades. The shipyard has evergreen alliances with Shell International Trading & Shipping Company Limited, BP Shipping, Jo Tankers and BHP&T and long term contracts with Alaska Tanker Company, TESMA Shipmanagement and V. Ships, all of which are internationally renowned shipping companies.

For further information or clarification, please contact:

Ms Judy Han
Vice President
Investor Relations & Communications
Tel: 65-62627203
Fax: 65-62610738
Email: judy@sembcorpmarine.com.sg

Ms Lee-Lin Wong
General Manager
Sembawang Shipyard Pte Ltd
Tel: (65) 67506021
Fax: (65) 67581025
Email: leelin@sembmarine.com