SembMarine sees uptick in customer enquiries, but competition still intense
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Singapore
SEMBCORP Marine (SembMarine) has seen an uptick in enquiries and invitations to tender from oil companies in recent months, particularly in the offshore production sector, but competition remains strong and margins remain depressed.
Recovery will thus take time, chairman Mohd Hassan Marican, and president and CEO Wong Weng Sun said in a note to shareholders in the company's annual report released on Thursday.
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