The Business Times
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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

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Yong Jun Yuan

Yong Jun Yuan

Published Thu, Apr 25, 2024 · 05:00 AM
    • A lack of investment in the oil and gas sector after the oil price crash of 2016 has resulted in muted supply of vessels despite strong demand amid buoyant oil prices.
    • A lack of investment in the oil and gas sector after the oil price crash of 2016 has resulted in muted supply of vessels despite strong demand amid buoyant oil prices. PHOTO: DYNA-MAC

    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.

    Maritimesingapore o&gYangzijiang Shipbuildingdyna-macMarco Polo Marine

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