Sete Brasil

IHI sheds stake in Brazilian shipyard EAS

MARCH 15, 2015 —Japan’s IHI Corporation reports that its majority owned Brazilian subsidiary JEI is to transfer its entire equity interest in shipbuilder Estaleiro Atlântico Sul S.A (EAS) to the other shareholders

Sete woes help push Sembcorp Marine into loss

FEBRUARY 15, 2016 — Singapore based Sembcorp Marine posted a 2015 net loss of Singapore $290 million (US $207.3 million) on revenues of  Singapore $4.97 billion, down 15% from FY 2014’s Singapore