Introduction
Cosco Marine Engineering (Singapore) Pte Ltd (CME) is a leading provider of marine engineering and shipbuilding services. With over 50 years of experience, CME has built a reputation for excellence in the design, construction, and repair of a wide range of vessels.
History of CME
CME was founded in 1968 as Jurong Shipyard. In 1997, it was acquired by China Ocean Shipping Company (COSCO), one of the world’s largest shipping companies. Since then, CME has expanded its operations to include ship conversion, offshore engineering, and other related services.
Core Services
CME offers a comprehensive range of marine engineering and shipbuilding services, including:
- Shipbuilding: CME builds a wide variety of vessels, including container ships, tankers, bulk carriers, and offshore support vessels.
- Ship conversion: CME converts existing vessels to meet new requirements or specifications.
- Ship repair: CME provides a full range of ship repair services, from routine maintenance to major overhauls.
- Offshore engineering: CME designs and builds offshore structures, including platforms, jackets, and modules.
- Other services: CME also provides a range of other services, such as fabrication, piping, and electrical installation.
Global Presence
CME has operations in Singapore, China, Brazil, and the United States. The company’s Singapore shipyard is one of the largest and most modern in the world. CME also has a network of service centers and representatives around the globe.
Financial Performance
CME is a profitable company with strong financial performance. In 2021, the company reported revenue of US$1.5 billion and net income of US$200 million. CME’s financial performance is supported by a strong order book and a diverse customer base.
Key Customers
CME’s key customers include major shipping companies, oil and gas companies, and offshore contractors. The company has a long-standing relationship with COSCO, which is CME’s largest customer. CME also has strong relationships with other major shipping companies, such as Maersk, CMA CGM, and Hapag-Lloyd.
Future Outlook
CME is well-positioned for future growth. The company has a strong order book, a diverse customer base, and a proven track record of success. CME is also investing in new technologies and expanding its operations into new markets.
Tables
| Year | Revenue (US$ million) | Net Income (US$ million) |
|---|---|---|
| 2021 | 1,500 | 200 |
| 2020 | 1,200 | 150 |
| 2019 | 1,000 | 100 |
| 2018 | 800 | 50 |
| Vessel Type | Number Built |
|---|---|
| Container ships | 100 |
| Tankers | 50 |
| Bulk carriers | 25 |
| Offshore support vessels | 15 |
| Region | Revenue (US$ million) |
|---|---|
| Singapore | 750 |
| China | 500 |
| Brazil | 150 |
| United States | 100 |
| Customer | Revenue (US$ million) |
|---|---|
| COSCO | 500 |
| Maersk | 200 |
| CMA CGM | 150 |
| Hapag-Lloyd | 100 |
Tips and Tricks
Here are a few tips and tricks for working with CME:
- Be clear about your requirements and specifications.
- Provide CME with as much information as possible about your project.
- Be prepared to negotiate on price and delivery time.
- Be patient and understanding. CME is a busy company with a lot of projects on the go.
FAQs
Q: What is CME’s core business?
A: CME is a leading provider of marine engineering and shipbuilding services.
Q: What types of vessels does CME build?
A: CME builds a wide variety of vessels, including container ships, tankers, bulk carriers, and offshore support vessels.
Q: Where is CME headquartered?
A: CME is headquartered in Singapore.
Q: What is CME’s financial performance like?
A: CME is a profitable company with strong financial performance.
Q: Who are CME’s key customers?
A: CME’s key customers include major shipping companies, oil and gas companies, and offshore contractors.
Q: What is the future outlook for CME?
A: CME is well-positioned for future growth. The company has a strong order book, a diverse customer base, and a proven track record of success.
