Sembcorp Marine Reports S$583 Million Net Loss For FY 2020

sembcorp marine shipyard

Sembcorp Marine had a difficult year battling the challenges brought on by the COVID-19 pandemic. Singapore’s COVID-19 containment measures implemented in April led to extended production stoppages and consequent delays in project execution and completion. Production activities resumed gradually from early July 2020 to reach almost full workforce levels near the end of November.

The Group engaged all its global customers and no existing projects were cancelled. However, Group revenue was...

https://www.marineinsight.com/shipping-news/sembcorp-marine-reports-s583-million-net-loss-for-fy-2020/

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