Offshore and Marine (O&M)

SINGAPORE (Sept 11): Most offshore and marine (O&M) industry observers expect shipyard orders to start surfacing in 2H17, says UOB Kay Hian.

SINGAPORE (Aug 25): Morgan Stanley Research has initiated coverage on Singapore’s offshore marine and utility segment with two “underweight” ratings and one “equal weight” call.  

SINGAPORE (Aug 22): OCBC Investment Research is ceasing its coverage on Kim Heng Offshore & Marine as the offshore and marine (O&M) industry is not picking up enough to spur capital expenditure in the oil & gas sector.

SINGAPORE (Aug 1): PACC Offshore Services reported a second straight quarter of losses for FY17, registering a loss of US$9.1 million ($12.4 million) for 2Q17 compared to a loss of US$17.5 million posted a year ago.

SINGAPORE (June 30): RHB is maintaining its “buy” call on local conglomerate Keppel Corporation with a lower target price of $7.34 compared to $7.55 previously, after adjusting its discount rate and valuation for Keppel Land, Keppel Capital, and the o

SINGAPORE (June 8): Pacific Radiance announced Thursday that it has been granted $85 million in loans under two government-backed financing schemes to help tide over the prolonged offshore and marine (O&M) industry downturn.

SINGAPORE (May 23): Vallianz Holdings has secured long-term charter contracts valued at up to a total of US$115 million ($160 million) for four vessels, which were awarded by as two offshore marine services companies based in Egypt and Turkmenistan respec

SINGAPORE (May 22): Vallianz Holdings, the provider of offshore support vessels (OSVs) and integrated offshore marine solutions to the oil and gas (O&G) industry, announced losses of US$159.4 million for the 15 months ended March 31, compared to FY15 ende

SINGAPORE (April 28): Since succeeding his father as CEO in January 2016, Jeffrey Soon has been trying to steer Heatec Jietong into the chemicals industry, which could offer more opportunity for growth than the offshore and marine (O&M) sector.

SINGAPORE (March 8): Lim & Tan Securities is upgrading its rating on Ezion Holdings to “hold” from “reduce” previously, mainly because it is now trading at an improved price-to-book value of 0.58x P/B.