Singapore Stock Market News
Offshore & Marine - A waiting game
StockFanatic
Publish date: Mon, 18 Aug 2014, 08:51 AM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Only 50% of China-made rigs could make it to the market in 2014-15 given the rampant delays at its yards. As such, we think the influx of newbuild rigs could be at a more controlled pace, keeping the jack-up rig rates firm for the next two years. Stronger-than-expected orders and margin expansion are key potential catalysts for the sector.
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