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SembMarine to sell West Rigel rig at S$24m loss


SEMBCORP Marine confirmed on Tuesday that it has agreed to sell the West Rigel semi-submersible rig to an undisclosed buyer in a US$500 million deal that will result in a loss of about S$24 million.

CIMB analyst Lim Siew Khee noted that SembMarine will incur the S$24...