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Eyes on O&M players' Q4 impairment charges

Swire Pacific Offshore move prompts renewed talk on whether S'pore-listed firms will make decisive write-downs
Wednesday, November 23, 2016 - 05:50

In arriving at the estimated HK$2.31 billion (S$424.6 million) impairment charges on the carrying value of its fleet, offshore support vessel (OSV) owner-operator Swire Pacific Offshore cited "a longer period for and a slower rate of recovery" than previously anticipated.


THE move by leading offshore support vessel (OSV) owner-operator Swire Pacific Offshore (SPO) to take on significant impairment charges has sparked renewed speculation over whether Singapore-listed offshore and marine players may follow suit and write down the book values of

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