SembMarine down on rig revenue drop

SembCorp Marine is braced for a longer market downturn than previous cycles as the Singapore-based shipyard group posted a significant drop in first-quarter profit on lower rig-building sales.

Weaker result: SembMarine's Jurong yard in Singapore
Weaker result: SembMarine's Jurong yard in Singapore
Published 27 April 2016, 10:14Updated 18 October 2016, 04:44
Asia & Oceania