Maritime players benefit from tight supply and strong demand for vessels 

THE rising tide of strong demand for vessels in the oil and gas sector, amid tepid supply, has lifted Singapore-listed maritime players.

According to Maybank analyst Jarick Seet, the tight market conditions may have happened as a result of a lack of investment in the space after the crash in oil prices in 2016.

Between 2014 and the first quarter of 2016, oil prices fell by more than two-thirds to under US$35 per barrel.

Seet noted that after the crash, South-east Asian banks have been “quite unwilling” to lend to investors in the oil and gas sector due to a number of defaults during that period.

Oil prices have risen since …