Sembcorp Marine disappointed by low order intake. Expects tough 2H 2019

Singapore’s vessel and rig builder Sembcorp Marine reported a net loss of $9.3 million in the second quarter of 2019, citing continued low overall business volume, and posting a disappointing order intake in the first half of the year.

While posting a quarterly loss, this is an improvement compared to a loss of $56,5 million in the second quarter of 2018. The company’s turnover in the second quarter fell to $731 million down from $1,67 billion a year ago.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.