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SembMarine revenue recognition hit by Covid-19, oil price collapse

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Hit hard by the double whammy of the Covid-19 pandemic and the collapse in oil prices, Sembcorp Marine (SembMarine) will be deferring all non-essential capital expenditures (capex) to preserve cash flow and manage overall liquidity with prudence and discipline.

HIT hard by the double whammy of the Covid-19 pandemic and the collapse in oil prices, Sembcorp Marine (SembMarine) will be deferring all non-essential capital expenditures (capex) to preserve cash flow and manage overall liquidity with prudence and discipline.

Industry-wide cuts to capex...

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