Highest level of newbuild deliveries for Singapore owners
(Posted on 02/05/18)
Singapore based owners are set to take delivery of the highest number of vessels on record yet by the end of 2018, according to data from VesselsValue. The previous record was in 2008 at the peak of the asset value spike. A large number of market participants have placed orders for a wide variety of ship types, from offshore to VLCCs.
There will be some slipping in these planned orders as market weakness persists in the tanker and offshore segments, but even with this considered 2018 should be a bumper year. Over 80 companies account for this order, which reflects the rich maritime ecosystem of Singapore.
The orderbook outstanding in 2018 catapults the Lion City to the number two spot of expected deliveries this year and cements the role of the Republic as a key player in the global shipping markets in the years ahead. Singapore’s terminals are a critical hub for containerships, tankers, and dry bulk vessels.
Most major shipping businesses maintain a presence in the nation state which further enhances knowledge of the industry, which in turn encourages investment. The natural synergies that result from having so many key market participants will continue to drive interest new build orders in the years ahead. Singapore based owners will remain leaders in the shipping industry.
The ‘NACC Alicudi’ is setting new standards in the cement carrier market. Converted in 2017... Read more
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes... Read more
The International Chamber of Shipping (ICS) has recently published a new edition of its ‘Guidance... Read more
Scorpio Bulkers Inc. have announced that the Company has received a commitment from Nordea Bank Abp,... Read more
Synergy Group has launched a new counselling service aimed at improving mental health support for sea... Read more
Seanergy Maritime Holdings Corp. has announced that it has entered into definitive agreements with unaffiliated... Read more
GTMaritime, the maritime communication specialists, are celebrating 20 years of delivering essential... Read more
Glander International Bunkering, a leading marine fuel and lubricant trading firm, has now opened in... Read more
One of the world’s leading paint and coating suppliers, Jotun, has co-operated with Seagull Maritime... Read more
On 20th September 2018, Singular Point released MARiS, a complete commercial shipping and chartering... Read more