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Singapore's O&M crisis separates the men from the boys

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As cheap oil whacks the cash flow of Singapore's offshore and marine firms and cripple their ability to pay debt, two hallmarks - speed and deliberateness - are separating the men from the boys as the beleaguered firms seek noteholders' forbearance.

AS cheap oil whacks the cash flow of Singapore's offshore and marine firms and cripple their ability to pay debt, two hallmarks - speed and deliberateness - are separating the men from the boys as the beleaguered firms seek noteholders' forbearance.

Bondholders' clemency is being severely

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