The Business Times
SUBSCRIBERS

Marco Polo Marine viable, says CEO

But Sean Lee says business is tough going due to the slump in oil prices

google-preferred-sourceAdd BT as a preferred source
Published Thu, Sep 22, 2016 · 09:50 PM

Singapore

MARCO Polo Marine has a viable business although business is tough going, said the chief executive as the company asks bondholders to defer redemption of its S$50 million bonds until 2019.

"Worst I've ever seen ... but I believed in the fundamentals of oil," said Sean Lee, Marco Polo Marine chief executive.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback
Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More