Sembcorp set to acquire Norwegian offshore vessel designer
Sembcorp Marine Integrated Yard has an agreement to acquire 100% of LMG Marin for $20 million.
SINGAPORE – Sembcorp Marine Integrated Yard has an agreement to acquire 100% of LMG Marin for $20 million.
LMG is a naval architecture and ship design/engineering house based in Bergen, Norway, with offices in Poland and France.
It also originated various designs adopted bySembcorp Marine, including the next-generation Espadon drillship design; the design used in the ongoing construction of a newbuild FSO for deployment in the UK North Sea; and the Gravifloat modular LNG and LPG platform solutions designed as a cost-competitive alternative to FSRU, FLNG, and land-based terminals; and the Robusto FPSO hull design, customized for operation in Brazil and West Africa.
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