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Provisions back in focus as Sete Brasil gets bankruptcy filing nod

Keppel says S$230m adequate for now but, like SembMarine, is keeping close watch

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Sete Brasil's bankruptcy filing approved before Thursday trading hours marked the first step forward towards removing the overhang over the biggest rig-building contracts on the order book of Keppel Offshore & Marine and Sembcorp Marine.

Singapore

SETE Brasil's bankruptcy filing approved before Thursday trading hours marked the first step forward towards removing the overhang over the biggest rig-building contracts on the order book of Keppel Offshore & Marine and Sembcorp Marine.

With the path cleared for the