Singapore's Offshore and Marine Sector Likely Seeing Solid Repair Demand -- Market Talk

Dow Jones
2025/10/06

0647 GMT - Singapore's offshore and marine sector is likely experiencing solid repair demand, CGS International analysts say in a research report. Shipyard utilization has been strong for Marco Polo Marine and Pacific Radiance, the analysts note. The limited newbuilding of ships and older vessels' extended service life are also driving up repair needs. At investor meetings, Marco Polo Marine highlighted areas including its busy shipyard operations and progress on offshore-wind strategy, while Pacific Radiance emphasized strong fleet utilization and potential for higher charter rates from 2026. The brokerage, which has add ratings on both, raises Marco Polo Marine's target price to S$0.10 from S$0.08 and Pacific Radiance's to S$0.14 from S$0.09. The stocks trade at S$0.078 and S$0.106, respectively. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

October 06, 2025 02:47 ET (06:47 GMT)

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