THE rising tide of strong demand for vessels in the oil and gas sector, amid tepid supply, has lifted Singapore-listed maritime players.

According to Maybank analyst Jarick Seet, the tight market conditions may have happened as a result of a lack of investment in the space after the crash in oil prices in 2016.

Between 2014 and the first quarter of 2016, oil prices fell by more than two-thirds to under US$35 per barrel.