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Sembcorp Marine Posts Q3 Loss

Maritime Activity Reports, Inc.

October 25, 2016

Singaporean rig builder Sembcorp Marine Ltd. posted a loss in the third quarter, hurt by higher financing costs and a fall in orders due to weak oil prices.
 
The company posted a net loss of S$21.8 million ($15.7 million) for the three months ended Sept. 30, compared with a net profit of S$32.1 million a year ago.
 
($1 = 1.3906 Singapore dollars) (Reporting by Aradhana Aravindan; Editing by Amrutha Gayathri)
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