LNG

Seatrium of Singapore, a leading global company in repairing, upgrading or refitting LNG carriers, has signed a favoured customer contract with a South Korean shipping company.

Sembcorp Marine, the Singapore shipbuilding and repair yard owner, said its business has been substantially affected by Covid-19 slowing work on ships and platforms, including at yards building LNG vessels for bunkering, imports and floating power projects, while the oil price slump has hit orders.