Sembcorp Marine recorded a full year net profit of $556 million amid a challenging operating environment in 2013. Earnings per share for the group were 26.6 cents while Return on Equity was 22%.The group net profit at $556 million in 2013 was 3% higher as compared with $538 million a year ago. On a quarterly basis, 4Q 2013 net profit at $182 million was 9% higher as compared with $167 million in 2012. Excluding the non-operating items, the group’s net profit at $553 million in 2013 was 11% higher as compared with $500 million in 2012 while net profit in 4Q 2013 at $182 million was 45% higher than the $126 million recorded for the corresponding quarter last year.Overall, the higher turnover was attributable mainly to higher revenue recognition with more rig building projects achieving initial progressive recognition in 4Q 2013 resulting in a 23% increase in turnover from $1,378 million in 4Q 2012 to $1,693 million in 4Q 2013.For the rig building sector, 4Q 2013 turnover at $1,197 million was 38% higher as compared with $870 million for the same period in 2012. The increase was attributable to the initial recognition of the second unit of the group’s repeat drillship design, one accommodation semisubmersible rig and two jack-up rigs.On a FY 2013 basis, turnover increased 51% to $3,564 million as compared with $2,356 million in 2012. A total of eight jack-up rigs comprising of diverse designs were delivered during the year. These deliveries include four jack-ups from the group’s proprietary Pacific Class 400 design series, two Friede & Goldman JU3000N design rigs and two remaining units based on the Friede & Goldman JU2000E design.The ship conversion and offshore sector registered a 5% decline in turnover from $330 million in 4Q 2012 to $314 million in 4Q 2013 attributable to the timing of projects that achieved progressive revenue recognition during the period. For FY 2013, it was 14% lower from $1,395 million in 2012 to $1,204 million. The decline was due to the timing of projects coupled with lesser number of projects that achieved progressive revenue recognition during the year.Turnover from the ship repair sector in 4Q 2013 was $163 million as compared with $167 million for the same period in 2012 due mainly to the timing in recognition of the repair and upgrade projects. For FY 2013, it was $681 million, a 6% increase as compared with $642 million in 2012.OUTLOOKThe group has a net order book of $12.3 billion with completion and deliveries stretching into 2019. This includes $4.2 billion in contract orders secured in 2013, excluding repair and upgrade contracts.Demand remains strong for Sembcorp Marine’s big docks, including the four VLCC drydocks that commenced operations at the Group’s new 73.3-hectare Sembmarine Integrated Yard at Tuas Phase I facility in August 2013. The new yard will position Sembcorp Marine for long-term sustainable growth with its innovative design, advanced automation and optimised facilities.Construction on Estaleiro Jurong Aracruz, Sembcorp Marine’s wholly-owned shipyard in Brazil, continues to progress well and the yard remains on track to commence initial operations in second half 2014.Sembcorp Marine, February 25, 2014
Neymar will stay with Barcelona after signing a five-year contract, the club have announced.The Brazilian’s release clause has been set at 200m euros (£167m), rising to 222m (£186m) in the second and 250m (£209m) for the final three.Manchester United and Paris St-Germain were both reported to be interested in the 24-year-old.Neymar has scored 55 goals in 93 La Liga games since joining from Santos for a reported fee of £48.6m in 2013.On Thursday, Barcelona president Josep Bartomeu confirmed talks were being held, with Neymar declaring on Twitter he was “very happy to continue living this dream”.The forward has also scored 46 goals in 70 appearances for his country.Since moving to the Nou Camp, he has won two La Liga titles, two Copa del Rey trophies and the 2014-15 Champions League.Barcelona were forced to pay a £4.3m fine in June because of mistakes in Neymar’s transfer from Santos.Culled from BBC Sports
The Knights of Columbus Council 11349 announced the winners of its Free Throw and 3-point competition, held recently at St. Benedict’s gymnasium in Holmdel. The competition was open to all boys and girls from ages 10 to 14. The free throw winners were: age 10 — Matthew Demello and Jessie Fifield; age 11 — Matthew Anderson and Ashley Stenftennagel; age 12 — Conor Gilbertson; age 13 — Lauren Clarke; age 14 — Greg Charte and Holly Jones. The 3-point contest winners were: age 10 — Christopher Calandra; age 11 — Matthew Anderson and Ashley Stenftennagel; age 12 — John Coleman; age 13 — Lauren Clarke; age 14 — Greg Charte and Holly Jones. All of the above winners were invited to participate in the Knights’ District Level Competition held Feb. 5; five will now progress to the next level. The Matawan-Aberdeen Men’s Softball League is accepting teams and/or player applications for the Sunday morning doubleheader season. Team fees are $1,450 for a 32-game season. Call (732) 290-2541 or e-mail firstname.lastname@example.org for more information. The Monmouth Women’s Softball League is looking for individual players or teams. Teams must have own home field for modified pitch league. Season is from May to August, Sunday or Monday nights. For more information, call (732) 530-7305 or email MWSL2002@yahoo.com Freshman Chris Swensen (Aberdeen/St. John Vianney) of the Muhlenberg College wrestling team contributed to the team’s successful season. Swensen finished the season with two victories, both coming on pins at the Petrofes Invitational. He pinned his Ursinus opponent in 2:52 and pinned his Gallaudet opponent in 1:31. Swensen finished one win short of winning a place at the event. The 33rd annual Vince Lombardi Awards dinner sponsored by the Rotarian Clubs of Monmouth County will honor Raritan’s head coach, Robert Generelli, as Coach of the Year: and Middletown South’s football team as Team of the Year. The awards dinner will be held on Thursday at the Sheraton Hotel, Eatontown, at 6 p.m. Guest speakers for the evening include Dave Jennings, retired NFL punter who will serve as emcee; Kevin Callahan, Monmouth University head football coach; Harry Flaherty, also retired NFL player and CEO, Fellowship of Christian Athletes. NFL legend Leonard Marshall, Super Bowl champion and three-time all pro bowler, will offer the keynote speech. Proceeds from the event will benefit the American Cancer Society, the Rotary’s Haiti Project and the United Way of Monmouth County. Middletown South Eagles had a remarkable year, defeating their opponents handily. The team was ranked No. 1 in Monmouth County and won the state championship by defeating Wall Township. Numerous players were name to the All-Shore Team, others to the All-State and the All-County teams. Raritan, under the direction of Generelli, turned their team around. Generelli said he attributes much of the success to a great group of young men determined to prove themselves victorious. Raritan also won the state title by defeating Carteret in December. The Hazlet Youth Athletic League will be holding grandfather registration for its Pop Warner Football and Cheerleading Program March 19 from 9 a.m. to 11:30 a.m. at the Raritan High School cafeteria. Birthday cut-off is Aug. 1. Registration fee for the flag program (5 and 6 years old) is $55. The fees for the football and cheerleading programs are $110 for one child, $165 for two and $220 for three or more family members. In addition to the registration fees, please bring checks for a uniform deposit, a work deposit and the mandatory fund-raiser raffle. Rosters will be filled on a first-come, first-served basis. If you have any questions, please call (732) 264-3060, ext. 4. The Hazlet Youth Athletic League will be holding open registration for its PopWarner Football and Cheerleading Program on March 19 from noon to 1:30 p.m. at the Raritan High School cafeteria.
Mark Eddie and friends will perform, 9 p.m. today and 7 p.m. Sunday at J.R.’s Comedy Club located inside Marie Callender’s, 27630 The Old Road, Valencia. Cost: $15, or $25.99 for dinner and the show. Call (661) 259-2291. Sierra Club hike to Sierra Pelona Ridge, 9 a.m. Sunday at the San Fernando rideshare, Newhall. Call Gaylon Rodin at (661) 263-0568 or Melinda Arredondo at (661) 298-9024. Waterfall hike, 9 a.m.-noon Sunday at Placerita Canyon Nature Center, 19152 Placerita Canyon Road, Newhall. Call (661) 259-7721. Ranger-led nature hike, 11 a.m. the second, third and fourth Sundays of each month at Vasquez Rocks Natural Area, 10700 W. Escondido Canyon Road, Agua Dulce. Call (661) 268-0840. Afternoon at the Horse Races will benefit the Santa Clarita Emblem Club Scholarship Fund, 3 p.m. Sunday at the Elks Lodge, 17766 Sierra Highway, Canyon Country. Tickets: $15. Call (818) 368-7777. Shrove Tuesday celebration will feature a pancake dinner and carnival, 6 p.m. Tuesday in Fellowship Hall at Santa Clarita United Methodist Church, 26640 Bouquet Canyon Road, Saugus. Dinner: $3.50. Call (661) 297-3783. Ron Osborne and David Zazloff will perform, 9 p.m. Friday at J.R.’s Comedy Club located inside Marie Callender’s at 27630 The Old Road, Valencia. Cost: $12 or $22.99 for dinner and the show. Call (661) 259-2291 or visit www.comedyinvalencia.com. To submit an event for the Things To Do calendar, contact Sharon Cotal two weeks prior to the event at (661) 257-5256, fax her at (661) 257-5262, e-mail her at email@example.com or write to her at 24800 Avenue Rockefeller, Valencia, CA 91355. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You're all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant “Charlie and the Chocolate Factory” will be presented, 2 p.m. today and 6:30 p.m. Sunday at the Canyon Theatre Guild, 24242 San Fernando Road, Newhall. Tickets: $8-$13. Call (661) 799-2702. Campfire program, 6-7 p.m. today at Placerita Canyon Nature Center, 19152 Placerita Canyon Road, Newhall. Call (661) 259-7721. “The Winter Blues” jazz concert will feature the Golden Valley Jazz Ensemble and guest artists, 6:30 p.m. today in the small gym at Golden Valley High School, 27051 Robert C. Lee Parkway, Canyon Country. Tickets: $25, includes dinner and concert. Call (661) 298-8140. Grateful Dudes perform bluegrass music, 7:30-10:30 p.m. every Saturday at Vincenzo’s, 24504 1/2 Lyons Ave., Newhall. Call (661) 259-6733. “To Kill a Mockingbird” will be presented, 8 p.m. today and 2 p.m. Sunday at the Canyon Theatre Guild, 24242 San Fernando Road, Newhall. Tickets: $8-$13. Call (661) 799-2702. Tesoro Adobe Historic Park is open to the public, 10 a.m.-2 p.m. every Saturday with guided tours of the Harry Carey/Farmer John Ranch House, 11 a.m.-1 p.m. Call (661) 702-8953. Family Nature Walk, 11 a.m.-noon, and an animal presentation, 1-2 p.m. every Saturday at Placerita Canyon Park and Nature Center, 19152 Placerita Canyon Road, Newhall. Call (661) 259-7721. Bowl-A-Thon will benefit Pleasantview Industries, noon-8 p.m. today at Valencia Lanes, 23700 W. Lyons Ave., Valencia. Call (661) 296-6700. Star Party will feature telescopes set up for public viewing of the night sky, dusk- 11:30 p.m. today at Vasquez Rocks Natural Area, 10700 W. Escondido Canyon Road, Agua Dulce. Call (661) 268-0840.