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Shipyards likely to see more asset impairments: UOB-KH

O&M sector report says yards face greater risks than asset operators

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Despite the Singapore offshore and marine (O&M) sector having made loss provisions of US$2.2 billion in financial year 2015 amid the global oil rout, shipyards are likely to report further asset impairments.

Singapore

DESPITE the Singapore offshore and marine (O&M) sector having made loss provisions of US$2.2 billion in financial year 2015 amid the global oil rout, shipyards are likely to report further asset impairments.

UOB-KayHian, which said this in a March 7 sector update,

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