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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
Photo: Edgar Su / Reuters / Ritzau Scanpix
by DANIEL LOGAN

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.

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