Asia’s burgeoning offshore wind market is providing a much-needed lifeline for Singapore’s distressed offshore support vessel players.

The once in a generation collapse of oil prices in 2014 curtailed offshore energy exploration severely and left many of the city state’s offshore companies reeling.

While many names such as Ezra Holdings, Swiber Holdings, Swissco and Ezion Holdings still bear the scars of that downturn, some such as Marco Polo Marine have risen phoenix-like from the ashes.