With O&M exposure contained, OCBC Q4 profit beats forecasts to rise 31%

Singapore

MORE funds may be circling the offshore and marine (O&M) sector to hunt for some upside, but there is pause among some industry players in engaging these investors in the restructuring process of the sector.

OCBC Bank chief executive officer Samuel Tsien told reporters at the bank's results briefing that there have been signs of new capital coming from financial investors. But he cautioned that the O&M industry is one that requires expertise knowledge.

"It's whether the people coming in are also bringing in expertise knowledge to be able to run the fleet as a productive asset, rather than treat it as a financial investment and look for another time to get a financial return and leave the industry," said Mr Tsien on Wednesday in response to queries, adding that the segm…