You are here

Shipyards likely to see more asset impairments: UOB-KH

O&M sector report says yards face greater risks than asset operators

26328103.3 (36904930) - 07_12_2015 - pixrig.jpg
Despite the Singapore offshore and marine (O&M) sector having made loss provisions of US$2.2 billion in financial year 2015 amid the global oil rout, shipyards are likely to report further asset impairments.

Singapore

DESPITE the Singapore offshore and marine (O&M) sector having made loss provisions of US$2.2 billion in financial year 2015 amid the global oil rout, shipyards are likely to report further asset impairments.

UOB-KayHian, which said this in a March 7 sector update,...

sentifi.com

Market voices on: