News insight: Greece looks offshore

The offshore sector has not so far been a factor in Greece’s rich maritime history, but the country’s debt crunch could change that.
Greece’s government said on 14 July that it has received three bids for undersea acreage in western and southern Greece. The names of the bidders

Sembcorp Marine’s Q2 profit slips 17%

Sembcorp Marine’s second-quarter net profit sagged 17% year on year to SGD109 million (USD80 million) as revenues sank at its rig-building unit.
The rig-building unit’s turnover dropped to SGD622.6 million for the quarter, down from SGD873.6 million in the same period last year, the Singapore-based