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Sembmarine's US$696m deal seen as timely

Low oil prices and sluggish contract wins behind stock's recent retreat

Singapore

SEMBCORP Marine's announcement of a new contract secured this week could not have come at a better time as the rigbuilder's stock has been taking a beating due to low oil prices, doubts over the timely delivery of a drillship and sluggish contract wins.

Sembmarine

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