SembCorp wins ship conversion deal

Singapore shipyard operator SembCorp Marine said its unit Sembawang Shipyard Pte Ltd has secured a $207 million ship conversion deal from Equinox Offshore Accommodation Ltd. The contract for Equinox Offshore, a Singapore-based oil service company, comprises one-plus-five options to convert passenger/car ferries to DP2 accommodation and repair vessels starting next year up to 2010.