Pacific Radiance’s continued weak finances are said to be preventing the company from joining the current rally in Singapore offshore stocks.

“Since the upswing in oil prices back to the $55 per barrel level post the OPEC deal, the market has displayed a clear preference for safer OSV names to ride the long-term up cycle,” says DBS analyst Suvro Sarkar.

“For Pacific Radiance, we expect that its August 2018 SGD100m ($71.4m)