Seatrium, the former Sembcorp Marine, is set to be a key beneficiary of the strengthening offshore market, says a top Singapore energy analyst.
“Industry estimates that offshore oil and gas capital expenditure will continue to remain stronger on a year-on-year basis in both 2023 and 2024, underpinning our positive view on the offshore marine sector,” said UOB Kay Hian’s Adrian Loh.
