SUBSCRIBERS
Singapore's O&M sector living on the edge of another oil rout
Tanking prices caused by Covid-19 pandemic is crushing activity and energy demand
Published Fri, Apr 10, 2020 · 09:50 PM
Singapore
SINGAPORE's offshore and marine (O&M) sector, still not fully back on its feet after the last slump, is suffering a massive blow as jobs dry up and charter rates fall.
This is unfolding as oil prices tank - led by the Covid-19 pandemic that has crushed activity and with it, energy demand.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site