Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,835.71
    -41.34 (-0.52%)
     

  • Bitcoin USD

    64,967.43
    +2,253.58 (+3.59%)
     

  • CMC Crypto 200

    1,337.74
    +25.12 (+1.95%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • Dow

    37,775.38
    +22.07 (+0.06%)
     

  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     

  • Gold

    2,392.50
    -5.50 (-0.23%)
     

  • Crude Oil

    82.29
    -0.44 (-0.53%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Sembcorp Marine Commences Legal Action And Issues Profit Guidance

Shares Investment

Sembcorp Marine’s subsidiary, PPL Shipyard, has now commenced an action against Marco Polo Marine (MPM) in the Singapore High Court.

PPL Shipyard had demanded that MPM, as guarantor, perform Marco Polo Drilling’s obligations in full under the contract and pay the 2nd disbursement and the November interest.

In a separate announcement, Sembcorp Marine announced that a net loss for 4Q15 and a significant decline in FY15 net profit is expected, partly attributable to challenging operating environment and customers deferring or seeking to defer their rig orders.



More From Shares Investment: