Three key risks seen from rig order default

Singapore

THE market will be waiting for indications from the release of the FY2015 report cards of two large-cap Singa-pore-listed offshore and marine (O&M) players about the extent of their financial exposure to a potential default of the Sete Brazil rig orders valued at a combined US$10 billion.

Red flags were hoisted on Keppel Corporation and Sembcorp Marine after…