- About us
- IBJ Awards
- Free Sample
- Contact us
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.
Leading Classification Society ClassNK has certified NAPA Fleet Intelligence and NAPA Performance Monitoring... Read more
Idwal has announced that all inspection reports will now also include a data comparison feature that... Read more
The Isle of Man Ship Registry is expanding its Greek fleet with an agreement to flag four bulk carriers... Read more
Women are advancing up the Caribbean maritime career-ladder into senior positions – although more... Read more
Leading classification society ClassNK has released its design support system “PrimeShip-HULL... Read more
Algoma Central Corporation has reported its results for the three months ended March 31, 2022. Revenues... Read more
The International Association of Dry Cargo Shipowners (INTERCARGO) has launched the thirteenth edition... Read more
Leading Classification Society ClassNK has issued an Approval in Principle (AiP) for the design of an... Read more
Inmarsat, the world leader in global, mobile satellite communications, has launched Fleet Secure Unified... Read more
AD Ports Group has announced that its feeder service, SAFEEN Feeders, has signed a long-term trade facilitation... Read more