Part 4/11:

In a statement to MoneyMind, Tamasik Holdings emphasized the importance of this timing, noting that the recapitalization provides Semcorp Marine with a "lighter balance sheet" and the capacity to pursue large pipeline projects. They expressed confidence that the company is well-positioned for a potential second wave of industry challenges, with Temasek's support providing strategic backing to overcome near-term obstacles and identify growth opportunities.

Temasek’s Role and Future Industry Directions

The move signifies a broader attempt by key players to reshape the local O&M landscape, with Temasek indicating its intention to work closely with Semcorp Industries and Semcorp Marine to address immediate issues while scouting for long-term growth avenues.