Some banks going the extra mile to help offshore sector - for now

Singapore

BANKS are proactively managing their exposure to the beleaguered offshore and marine (O&M) industry, working with their clients beyond debt restructuring to help them tide over the current market trough.

But the O&M sector may still see creditors adopt a less accommodating stance, especially if industry conditions further deteriorate, market watchers warn.

Lim Lian Hoon, managing director of global business advisory firm Alixpartners, noted that banks with larger exposure to the offshore oil-and-gas sector are naturally keen to help find a solution …