The Sarawak-based shipbuilder TAS Offshore has cancelled contracts to build up to 16 offshore support vessels at two Chinese yards, citing poor market demand amid the conronavirus pandemic.
Cancellation will incur 70 million ringgit losses for the Malaysian offshore player
The Sarawak-based shipbuilder TAS Offshore has cancelled contracts to build up to 16 offshore support vessels at two Chinese yards, citing poor market demand amid the conronavirus pandemic.