Photographer: Munshi Ahmed/Bloomberg

Singapore's Oil-Rig Builders Face More Pain, Maybank Says: Chart

Depressed crude oil prices will slow demand for oil-rig makers and increase the risk of further order cancellations, according to Maybank Kim Eng Holdings Ltd. The value of orders in the next two years at Keppel Corp. and Sembcorp Marine Ltd., the world’s biggest oil-rig builders, are poised to drop to the lowest levels since the aftermath of the 2008 global financial crisis, estimates by the brokerage show. Crude prices have plunged more than 60 percent in the past two years.

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