Outlook for S'pore's offshore, marine sector still challenging

Singapore

THE outlook for Singapore's offshore and marine sector remains challenging, and analysts at Maybank Kim Eng are not ruling out more failures of weak players and another round of fresh provisions.

Yeak Chee Keong and Neel Sinha said in their sectoral outlook report that the cut in production by the Organization of the Petroleum Exporting Countries (Opec) has helped boost sentiment recently.