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Shipyards likely to see more asset impairments: UOB-KH

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

Published Tue, Mar 8, 2016 · 09:50 PM

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, said that shipyards are more vulnerable than asset operators.

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Companies & Markets

Companies & Markets

Shipyards likely to see more asset impairments: UOB-KH

Companies & Markets

Nestle sales growth sputters on US slump, vitamin snags

BNP Paribas beats estimates as lower costs offset trading slump

TikTok ultimatum puts US firms in firing line for China response

Toyota and Nissan pair up with Tencent and Baidu for China AI arms race

BHP targets Anglo American in bid valuing miner at US$39 billion

FTSE 100 hits record high on big mining M&A, earnings push

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