Triyards sounds warning on going-concern status, cites loan repayment issues

Singapore

THE woes of the marine, shipping and oil & gas (O&G) industries continue to take their toll on industry players, with Triyards Holdings being the latest to fire yet another warning beacon about its future.

The company, which provides engineering, fabrication and ship construction solutions for the global offshore and marine industry, said on Wednesday that it is facing loan-repayment issues that could pose a possible threat to its going-concern status.