Loh and Mo consider Seatrium’s contract win for bp’s FPU Tiber in November as well as other significant projects — Eni’s Coral Norte FLNG and ExxonMobil’s Hammerhead which reached FID, or final investment decision, — as “promising signs” for both rigs and offshore vessel demand over the next one to two years.
Heading into 2026, UOB Kay Hian analysts Adrian Loh and Heidi Mo are maintaining their bullish outlook on the offshore and marine sector, with leading rig-builder Seatrium and also small-cap Marco Polo Marine with ASL Marine among the top picks.
