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Sinwa bucks O&M sector's losing streak

Not only did it stay afloat, it grew its net profit year on year by 14.2%

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MOVING INTO THE CRUISE SHIP SEGMENT: Sinwa chairman Mike Sim says the company is committing S$11 million to redevelop a warehouse that will support its foray into provisioning for the cruise ships that make Singapore a port of call.

Singapore

MARINE supplies-and-logistics services provider Sinwa stands out as the rare Singapore-listed industry player to have stayed profitable in an unfavourable macro environment for the offshore and marine (O&M) sector.

Its chairman Mike Sim noted that, as the industry at

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