PETALING JAYA: Falling shipping rates continued to weigh down on Malaysian Bulk Carriers Bhd
’s (Maybulk) share price yesterday, with news of the company’s plan to diversify into the oil and gas support services business failing to spark interest.
A lack of pricing details kept most analysts from projecting the potential impact of the proposed diversification, although Kenanga Research did note that “the offshore marine support investment could potentially mitigate earnings volatility from bulk shipping’’ for Maybulk.
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