Singapore-listed ASL said in a profit warning the loss will follow a reduction in revenue linked to shiprepair and conversion work that was not completed in the quarter as planned.
The shipyard also had to cope with a client’s cancellation of an offshore support vessel (OSV).
ASL, which banked a profit of SGD 15.2m ($11.9m) in the same period last year, has already started discussions with potential buyers and charterers for the cancelled vessel.
The
