Singapore's vital marine sector under pressure to restructure

Keppel and Sembcorp face daunting challenges amid COVID crisis

20200813 sembcorp

Sembcorp Marine's Jurong Shipyard in Singapore: State-investment company Temasek Holdings is the largest shareholder in both Keppel and Sembcorp. © Reuters

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- The shipyards spanning the western coast of Singapore represent the city-state's crucial marine industry, a sector that has helped turn the country into one of Asia's leading port cities.

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