OCTOBER 9, 2013 — Singapore's Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine has secured the upgrading of 115,875 grt cruise ship Diamond Princess from Princess Cruises.

Joint refit team from Princess Cruises, Carnival Australia and Sembawang Shipyard celebrates completion of Sun Princess revitalization

The Diamond Princess upgrade was awarded the shipyard after it successfully completed a two week make-over of the Sun Princess that included adding a new atrium with Princess' signature International Café, a new sushi and seafood venue, an updated Horizon Court buffet, and a refreshed Lotus Spa.

Mr. John Gunner, Senior Vice President, Technical, Princess Cruises said "We are very pleased with the recent retrofit to our Sun Princess by Sembawang Shipyard. The shipyard's team has shown dedication and commitment working closely with our team and successfully completing the revitalization work in a timely manner and to a high QHSE standard expected for all Princess dockings. As such, we are pleased to award the upgrading of Diamond Princess to Sembawang Shipyard. Princess Cruises is also pleased to come onboard the long-term Favored Customer Contract which Carnival Corporation has with Sembawang Shipyard for our future dockings in Singapore. We look forward to a good partnership in the years ahead which will enhance the results of our docking and revitalization program."

"We are very pleased to be chosen by Princess Cruises for the upgrading of Diamond Princess and welcome Princess Cruises as a long-term partner of Sembawang Shipyard. We thank Princess Cruises for the support and the confidence in our Shipyard," said Mr. P K Ong, Managing Director of Sembawang Shipyard.

The Diamond Princess is scheduled to enter Sembawang Shipyard on March 12, 2014 after which it will join Sun Princess for a cruise program from three homeports – Tokyo (Yokohama), Kobe, and an industry first, Otaru near Sapporo on Hokkaido. Sailing between April and October in 2014, the two ships will offer 42 departures featuring nine unique itineraries ranging from seven to nine days. The two ships will visit more than 20 ports in Japan, South Korea, Taiwan and Russia.

The 2,670-passenger Diamond Princess was built by Mitsubishi Heavy Industries in Nagasaki, Japan and delivered in 2004.