0041 GMT - Seatrium is likely to benefit from higher oil and gas related orders stemming from the Middle East conflict, says CGS International's Meghana Kande in an email. Oil prices staying elevated for longer could lead major oil and gas companies to increase their capital expenditure, potentially resulting in more orders for the Singapore offshore and marine company, the analyst says. Smaller-cap companies in Singapore such as Marco Polo Marine and Nam Cheong could also benefit from likely stronger demand for offshore support vessels, she adds. Any shorter-term ramp up in oil and gas production levels globally excluding the Middle East would boost offshore support vessel fleet utilisation and charter rates, she adds. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 05, 2026 19:41 ET (00:41 GMT)
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