Consolidation in offshore and marine sector will be good for industry: Analysts

Keppel Shipyard in Singapore. Temasek Holdings' proposed $4.08 billion deal to take majority control of Keppel Corporation will give local companies a better chance to stand up to growing global competition, analysts said.
Keppel Shipyard in Singapore. Temasek Holdings' proposed $4.08 billion deal to take majority control of Keppel Corporation will give local companies a better chance to stand up to growing global competition, analysts said.PHOTO: KEPPEL CORP

SINGAPORE - A consolidation in Singapore's offshore and marine sector will give local companies a better chance to stand up to growing global competition.

The move will also go some way in solving the problem of shipyards here being underused, analysts said.

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