, Singapore It will also be supported by oil prices. The rig market continued to flourish in 2022, backed by higher utilisation and day rates, UOBKayHian said. The analyst noted that both of Singapore's shipyards won large bids of oil rigs in the second half of 2022, which will be expected to increase in 2023. It added that the growth of orders will also be underpinned by oil prices supported above $US100 in the near to medium term. It maintained the offshore marine rating to overweight.

https://sbr.com.sg/energy-offshore/news/more-large-rig-orders-sg-shipyards-expected-next-year

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