The Singapore based shiprepair and engineering group SembCorp is set to buy the privately owned Sabine Shipyard in Texas.

A Shell tension leg platform after an encounter with Katrina.
The 223 acre yard is expected to benefit from demand to repair the rigs and other offshore installations damaged by hurricane Katrina.

SembCorp one of the world’s biggest repairers of VLCCs, with a notable sideline in converting tankers into FPSOs has 11 yards in Singapore, China and Brazil.

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