SINGAPORE, April 27 (Reuters) – Singapore’s Sembcorp Marine Ltd (Sembmarine) posted a 28 percent drop in its first-quarter profit as rig orders slowed and customers delayed taking deliveries. Sembmarine reported a profit of S$39.5 million ($28 million)for the three months ended March, compared with S$54.8 million a year earlier. The company, majority owned by industrial […]
The post Sembcorp Marine Q1 Profit Drops as Rig Orders Slow Down appeared first on gCaptain.