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O&M sector's turnover down 11.3% last year

But the industry's performance is 'respectable', says outgoing Asmi president
Friday, May 26, 2017 - 05:50

Shipbuilding took the biggest hit in 2016, with a revenue decline of 31 per cent. Offshore rig-building saw a 13.4 per cent slide.


A PROLONGED winter in the oil price-linked marine and offshore engineering (MO&E) sub-sector dented the topline performance of Singapore's offshore and marine (O&M) industry in 2016.

The Association of Singapore Marine Industries' (Asmi) outgoing president, Chua

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