The Chinese builder ran up a red sum of S$151.93 million (US$107.02 million) in the three months to the end of September, down from a profit a year earlier of S$7.5 million.
Revenues waned from S$1.16 billion to S$949.57 million as shipyard turnover sank 17.8% and dry-bulk turnover plunged 34.9%.
“Over the past year, the global offshore market has slowed down significantly with no signs of improvement,” Cosco said.
“Since
