Subscribe to RSS feedPoor market will continue, says Swire Pacific
by
Keith Wallis - Lloyd's List
—
last modified
Mar 12, 2010 11:47 AM
Newbuilding deliveries and increased competition in the offshore sector is set to adversely affect Swire Pacific Offshore this year.
Swire Pacific’s marine services division, which includes the offshore company, saw net profit slide to just over HK$1.6bn (US$210m) last year, down from almost HK$1.8bn a year earlier.
Swire Pacific chairman Christopher Pratt said the Singapore offshore company expected the industry...
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