Sembcorp Marine (SembMarine) continued to incur losses for its fiscal third quarter ending Sept 30, with low overall business volume and execution delays, it said yesterday in a business update. SembMarine "expects losses to continue into the fourth quarter", the group added in the exchange filing. It did not provide details on the level of losses incurred in the third quarter or expected for the fourth quarter. In July, SembMarine had reported a net loss of $192.1 million for the first half of this year. In its business update, SembMarine said its Singapore yards began to resume production activities in early July, following the relaxation of Covid-19 measures. Its operating yard workforce, including sub-contractors, has since increased to almost full workforce levels. It added: "With oil prices recovering since the March collapse, there have been active reviews of deferred projects by the oil companies. "New orders visibility has improved as a result, and the group is increasingly active in bidding for new projects and discussing resumption of delayed projects." The group is actively tendering for more than 10 projects, especially in the greener energy market segments such as ren...