Chong Ooi Ming of MaybankResearch believes Kuala Lumpur-listed Alam may be able to secure between sevenand eight contracts when the state-controlled energy giant launches tenders forup to 34 OSVs over the next few months.
The analyst, who is based inthe investment bank’s Malaysian headquarters, told investors he is bullish onthe offshore segment and expects rates linked to the tenders to be “decent” butdoubts levels will trump the historical peaks the market enjoyed in 2008 and2009.
Alam
