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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

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Published Thu, May 25, 2017 · 09:50 PM

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    Singapore

    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 San Lye, has nonetheless described the industry's performance as "respectable".

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