Why Sembcorp Marine is well poised for more unit deals with Helix

Could the joint design be the reason?

According to DBS, Sembcorp Marine (SMM)’s Jurong Shipyard has secured a contract to build a second Semi-submersible Well Intervention Rig at US$346m for Helix Energy Solutions, a market leader in subsea well intervention services. 

This is SMM's second specialised platform with well intervention and subsea capabilities.

Here's more from DBS:

The contract price is 10% lower than the first one (US$385.5m) secured in Mar-2012, as it is a smaller unit.

While the first unit is built based on Bassoe Technology's naval architectural design, the second one will be based on a design jointly developed by SMM's R&D arm - Sembcorp Marine Technology Pte Ltd, and Helix.

With the joint design, we believe SMM is poised to secure more of such units from Helix in the future.