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Keppel O&M and SembMarine would do well to merge: DBS report

The companies are barely profitable at current activity level despite being cost efficient, say analysts

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Sembcorp announced in May a strategic review after the appointment of a new chief. The review is expected to last six months.

Singapore

WITH orders at a trough and expectations for only a modest recovery, a merger of Singapore's two major rigbuilders could create a global giant that is more competitive and resilient, DBS analysts wrote in a report this week.

"Keppel Offshore and Marine (O&M) and

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