Vallianz (SGX:WPC) said that despite the ongoing geopolitical tensions across the Middle East, the company's operations have not been significantly impacted, with its vessels operating as per normal, according to a Thursday filing with the Singapore Exchange.
Shares of the operator of offshore support vessels and integrated offshore marine solutions slumped nearly 13% in Friday trading.
The company has deployed vessels under charter to customers across various jurisdictions in the Middle East.
Due to the proximity of the conflict in the Persian Gulf, maritime activities are at risk of operational disruptions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments