Sembmarine share price dips below S$0.08 offer price; customer to move unfinished vessel out of yard
Work will now be done in Norway after delay due to "serious manpower shortages": report
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES of Sembcorp Marine (Sembmarine) ended at S$0.079 on Friday (Oct 22), below the S$0.08 offer price set by Temasek in its mandatory general offer last month.
This comes as a media report on Thursday said that Sembmarine's work on the Johan Castberg vessel has been hit by "serious manpower shortages" due to the pandemic, and the project owner is set to transport the unfinished components from Singapore to Norway.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
