- Sembcorp Marine (SGX:S51) expects losses in 2H22F to be similar to 1H22’s ~S$143m due to higher-than-expected labour costs extending into 2H22F. See Sembcorp Marine's business update announcement dated 15 Nov 2022.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- In 3Q22, Sembcorp Marine serviced a total of 60 vessels in 3Q22 (1H22: 96 vessels) but stated that improvement in ship repair and upgrades business was slower than its expectations due to more planning required for some of the vessels, including LNG carriers as well as residual effects of COVID-19 measures. However, management sees repair capacity to return to 2019 levels by 2023F. Sembcorp Marine expects newbuild yard capacity could return to 70% of 2019 level.
- Read more at SGinvestors.io.