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UOB Kay Hian said that while demand for new drilling rigs will likely continue to be weak, demand for production assets appears to be strong for the next few years. Photo: Sembcorp Marine

Offshore prospects starting to improve for Singapore yards, says analyst

UOB Kay Hien says more than 40 rigs have been removed from the market since the start of the year

23 March 2021 0:26 GMT Updated 23 March 2021 10:29 GMT

By Dale Wainwright

in Singapore

Improving rig utilisation and day rates could indicate that the worst may be over for the offshore marine industry. This