Part 10/11:

The recent shareholder approvals for Semcorp Marine's recapitalization, combined with ongoing sector consolidation efforts, paint a picture of a sector in flux. Industry players are exploring strategic mergers, asset restructuring, and partnerships to enhance competitiveness amidst a complex global environment.

While immediate challenges remain—marked by low orders, industry overcapacity, and intense competition—the sector's future hinges on successful consolidation and strategic agility. The moves by major stakeholders like Temasek and Keppel indicate the importance of strong backing and strategic resource allocation in navigating these turbulent waters.