Sembmarine anticipates continued losses due to Covid-19

Lack of new orders and a fall in its yard workforce from 20,000 to just 850 gives Singaporean player a bleak outlook

Sembcorp Marine: the Singaporean yard has seen work on projects slow due to Covid-19 restrictions while a fall in oil demand has seen the prospect of new orders dry up
Sembcorp Marine: the Singaporean yard has seen work on projects slow due to Covid-19 restrictions while a fall in oil demand has seen the prospect of new orders dry upPhoto: REUTERS/SCANPIX
Published 13 May 2020, 04:02Updated 13 May 2020, 04:02