AsiaShipyards

Corruption allegations dog Singapore’s top yard group

Photo of Sam Chambers Sam ChambersJune 1, 2023
965 Less than a minute
Sembcorp Marine

Singapore’s Corrupt Practices Investigation Bureau (CPIB) has opened an investigation into business practices at Seatrium, the combined shipyard conglomerate of Keppel and Sembcorp. 

Seatrium said investigations relate to events that occurred prior to 2015. 

In a statement on Wednesday evening, CPIB said that acting on information received, it had begun investigations against Seatrium, as well as individuals in the offshore and marine engineering company, on alleged corruption offences in Brazil.

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Photo of Sam Chambers Sam ChambersJune 1, 2023
965 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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