Rig unit 'salvage effort' at Sembcorp

Singapore’s Sembcorp Industries reportedly might inject capital into, or acquire full control of, majority-owned subsidiary Sembcorp Marine (Sembmarine) as its rig-building and offshore division struggles to weather the fallout from the crude price crash.

Better days: have been seen by Sembmarine's Jurong Shipyard
Better days: have been seen by Sembmarine's Jurong Shipyard
Published 20 January 2016, 10:00Updated 18 October 2016, 05:08
Asia & Oceania