Oil prices up, but O&M players are not rolling out the barrel
Industry facing margin erosions; OSV players reliant on lenders' support; talk of big yard groups merging
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Singapore
THE road to recovery for Singapore's embattled offshore and marine (O&M) sector will be a bumpy one - with consolidation looming on the horizon for large-cap yard operators and small- to mid-cap offshore support vessel players, analysts said.
So is Keppel Corporation and Sembcorp Marine's recent surge past the psychological S$8 and S$2 price points premature?
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