Singapore’s $24 Billion Wipeout Eats Into Its Shipyard Base

News -
19 Oct 2016 -

More than $400 billion of proposed energy projects worldwide have been delayed since mid-2014 and pushed into 2017 and beyond, according to consulting firm Wood Mackenzie Ltd. In Singapore, the global center for oil-rig construction for decades, the slowdown contributed to the economy contracting the most in four years in the third quarter.

Author: Jonathan Burgos, Angus Whitley, Kyunghee Park
Organizer: Bloomberg.com
Country: United States of America

Geographic Keywords: Singapore
Related Topics: Singapore
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