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Maritime sector needs help to ride out storm

The industry faces more issues than help, especially with local banks, when caught in a challenging economic climate.

If local banks are unwilling to take a haircut, they are complicit in destroying Singapore's once robust marine sector.

THE raging and persistent turbulence in the maritime sector has destabilised not only many industry players, but also minority retail shareholders and noteholders, who have suffered as restructuring efforts have been lacklustre and futile.

It started with Swiber, Swissco, Rickmers and...

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