Sembcorp Marine has warned that it expects to make significant provisions for increased costs in its upcoming first-half results due to the ongoing problems caused by Covid-19.
The Singapore-listed company said the majority of the group’s projects have been delayed by at least 12 months since the onset of the virus in early 2020.
It said it has been actively recruiting additional skilled labour from non-traditional sources in order to complete its projects with the minimum of further delays.
