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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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.
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