Top-tier maritime players to boost sales, margins on oil rebound and tight vessel supply
Between 2014 and the first quarter of 2016, oil prices have fallen by more than two-thirds to under US$35 per barrel
THE rising tide of strong demand for vessels in the oil and gas sector, amid tepid supply, has lifted Singapore-listed maritime players.
According to Maybank analyst Jarick Seet, the tight market conditions may have happened as a result of a lack of investment in the space after the crash in oil prices in 2016.
Between 2014 and the first quarter of 2016, oil prices fell by more than two-thirds to under US$35 per barrel.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Everything Apple plans to show at May 7 ‘let loose’ iPad event
BNP weighing up to 150 job cuts in Geneva to slash costs
Bitcoin’s wild price swings point to the rising influence of ETF buyers
Paramount will let exclusive talks with Skydance lapse: NYT
Citi says European authorities are scrutinising 2022 flash crash
Tech platforms make pitch for ad deals as TikTok is roiled by politics