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New orders drying up for Sembcorp Marine

Rigbuilder's Q1 net profit slips 13.6% to S$105.9m, with no rig orders in the quarter

Published Mon, Apr 27, 2015 · 09:50 PM

Singapore

ALL SEEMS quiet on the order book front for rigbuilder Sembcorp Marine, which posted a sombre set of first-quarter earnings on Monday amidst an ongoing industry slump.

Though the mainboard-listed company has put on a brave front, saying in a statement that it "expects to build up its order book despite the current challenging market environment", its new orders this year have remained weak.

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