Vigan Engineering S.ACimbria Bulk Equipment A/SPort of StocktonThe Maritime Standards Awards 2018Bühler GmbHTMS Awards 2016 winners
  • FLSmidth
  • Cleveland Cascades Ltd
  • TBA - Software Solutions & Services for ports, terminals & warehouses
  • Multimodal 2018
  • Sailors Society
  • Telestack

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.

Latest News

Eniram signs MoU to develop new generation of bulk carriers

(Posted on 24/05/18)

Eniram, a Wärtsilä company, has signed a Memorandum of Understanding with Athens-based Arista... Read more


Inmarsat receives IMO approval to deliver significant safety advance

(Posted on 24/05/18)

The International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) has formally approved... Read more


Sulphur cap chaos in 2020 warn shipowners

(Posted on 24/05/18)

The International Chamber of Shipping (ICS) fears ‘chaos and confusion’ unless the UN International... Read more


CREWimpact interfaced with Seagull Training Administrator

(Posted on 24/05/18)

Leading maritime training provider, Seagull AS, have collaborated with IT specialists, SOFTimpact, to... Read more


Two more Registries recognise Prevention at Sea’s oil record book software

(Posted on 24/05/18)

Prevention at Sea (PaSea) has announced that two more maritime registries, Malta and Hong Kong, have... Read more


Ecoshield proven to prevent cavitation erosion

(Posted on 24/05/18)

Damage to rudders, running gear and the stern areas of ships due to cavitation is a perennial problem... Read more


Report on bulk carrier casualties

(Posted on 14/05/18)

INTERCARGO’s latest Bulk Carrier Casualty Report, which provides an analysis of bulk carrier total... Read more


UK P&I Club: US withdraw from the JCPOA Agreement with Iran

(Posted on 14/05/18)

Nigel Carden, Deputy Chairman for the UK Club Managers Thomas Miller P&I, highlights issues regarding... Read more


Eagle Bulk Shipping in profit for Q1

(Posted on 14/05/18)

Eagle Bulk Shipping Inc, one of the world’s largest owner-operators in the Supramax / Ultramax... Read more


Diana Shipping reduces losses

(Posted on 14/05/18)

Diana Shipping Inc. has reported a net loss of $3.1 million and net loss attributed to common stockholders... Read more


Sailors SocietyCleveland Cascades LtdTBA - Software Solutions & Services for ports, terminals & warehousesFLSmidthDocksolidMultimodal 2018
  • NAVTOR
  • TMS Awards 2016 winners
  • TOC Events
  • TMS Tanker Conference 2018

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping