KUCHING: Sibu-based shipbuilder TAS Offshore Bhd has shifted its focus to constructing tugboats, which are in strong demand following the company’s decision to suspend the construction of its offshore supply vessels (OSVs) for the oil and gas (O&G) industry.
The company said demand for OSVs has remained weak after oil prices tumbled and sales prices were depressed due to the glut in the market.
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