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Sembmarine uses last $160m of cash proceeds from 2020 rights issue

Straits Times 21 Sep 2021
That said, further restructuring is likely in the future as Sembmarine and shipyard peer Keppel Offshore & Marine progress with merger discussions ... This comes amid an extended period of low oil prices and disruptions such as manpower shortages and reductions in demand for rigs by oil majors.
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