Singapore Marine Industry
The Singapore Marine Industry has seen
significant growth over the last 30 years, evolving from
a small regional ship repair and building centre into a
world-class industry that serves international clientele.
The industry includes ship repair, shipbuilding, rigbuilding
and offshore engineering, and other marine supporting services.
Today, Singapore is one of the world's premier ship repair
and ship conversion centres as well as a global leader in
the building of jack-up rigs and the conversion of FPSO
(Floating Production Storage and Offloading) units. It is
also a niche player in the construction of customised and
specialised vessels.
Globally renowned for its reliable and convenient range
of comprehensive marine services, Singapore is a one-stop
marine centre for shipowners, managers and agents around
the world. Generating an annual turnover of $3 billion and
employing some 30,000 workers, the marine industry plays
a crucial part in Singapore's economic growth. Ship repair
and conversion form the backbone of the local marine industry,
accounting for about 60% of the total revenue.
Marine Supporting Industries
In line with the growth of ship repair,
shipbuilding and rigbuilding activities, Singapore's marine
supporting industry has also evolved. The supporting industry
ranges from small to medium-sized workshops to comprehensive
factory facilities. Many overseas producers have also set
up local agencies for their own manufacturing, sales and
services facilities in Singapore.
There is a comprehensive range of marine services in various
industries such as electronics communication and navigation,
automation precision machining, and corrosion control. In
addition, there are numerous factories manufacturing or
servicing marine equipment and components such as diesel
engines and turbochargers. Other services available include
ship design and consultancy, marine inspection and surveying.
Conclusion
Singapore is also well supported by its
strategic geographic, location and comprehensive and integrated
marine infrastructure services. The marine industry has
contributed to the economic development of Singapore for
the last 30 years. It will continue to play a critical role
in the national economy, in view of Singapore's drive to
become a leading international maritime hub.