ASL Marine faces scrutiny after three fatal shipyard accidents kill 24; Indonesian prosecutors detain seven staff
By
Hieronymus Bosch
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
ASL Marine, a Singaporean shipyard company, faces scrutiny after three fatal accidents killed 24 workers in under a year. The article criticizes the company for omitting these deadly incidents from investor presentations, instead focusing on business metrics like "integrated business model" and "deleveraging milestones." Indonesian prosecutors have detained seven staff members amid criminal investigations into the accidents.
Key quotes
· 3 pulledIf they are speaking up and demanding change at ASL, we would welcome the opportunity to report on how improvements are being made, since the company's presentations are silent on the deadly accidents, as if they never happened.
Key highlights as per the recent investor slideshow presentation at the SGX-DBS Jewels of Singapore Corporate Day include a headline about an 'integrated and synergistic business model' and, 'deleveraging milestones,' rather than, 'fatal accident at our yard killed 14 and triggered criminal investigation.'
Strange, that.
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