Sembcorp Marine's revenue drops in first half of the year

Singapore-based engineering group Sembcorp Marine finished the first half of 2019 with a declining revenue, although its net deficit was reduced. The group remains plagued by a highly competitive market, which still holds little prospect for a lasting recovery.

Photo: Edgar Su / Reuters / Ritzau Scanpix

Sembcorp Marine reports lower revenue in the first half of the year in a market where activity remains low among yards servicing the offshore sector.

The Singapore-based shipbuilder and engineering group reports a net deficit of SGD 6.8 million (USD 4.9 million) for the first six months of the year. This is an improvement on the SGD 50.3 million deficit booked in the first half of 2018, according to the financial report.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Bawat targets Stockholm listing to raise fresh capital

With an IPO in Stockholm, ballast water system supplier Bawat aims to secure capital for the company’s continued development. The listing comes just six months after the company’s latest cash injection. ShippingWatch has spoken to CEO Marcus Hummer.

Further reading

Related articles

Latest news

See all jobs