TMS Awards 2021Bühler GmbHTBA GroupThe Wolfson Centre for Bulk Solids Handling Technology ViganPort of Stockton
  • TOC Events
  • TMS Awards 2021
  • Telestack
  • Bühler GmbH
  • Coaltrans Asia 2021
  • Sailors Society

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

Norden capitalises on rising dry cargo asset values

(Posted on 13/10/21)

NORDEN’s Asset Management division, which handles buying, selling and leasing of dry cargo and... Read more


Dualog Drive data integrates with Microsoft SharePoint

(Posted on 13/10/21)

Leading maritime software provider Dualog is delighted to announce a further leap towards the integrated... Read more


Cadets miss out on sea time due to pandemic restrictions

(Posted on 11/10/21)

Restrictions on crew change and repatriations are impacting cadets at a time when the shipping industry... Read more


Covid drives demand for crew-change specialists

(Posted on 11/10/21)

Crew change specialists are in big demand from shipping companies struggling to get seafarers on or... Read more


World owes debt of gratitude to Ship Masters says Danica

(Posted on 04/10/21)

As the international maritime community celebrated World Maritime Day last week and considerd how seafarers... Read more


Promote diversity to attract fresh talent to shipping

(Posted on 04/10/21)

Promoting diversity in shipping will help make the industry more appealing to young adults and adolescents... Read more


ESL subsidiary orders six hybrid vessels

(Posted on 29/09/21)

ESL Shipping’s Swedish subsidiary AtoB@C Shipping AB has ordered a series of six new, highly energy... Read more


InterManager President calls for ‘one voice’ for shipping

(Posted on 29/09/21)

Shipping needs “one voice” to represent it globally and enable the maritime community to... Read more


Synergy appoints Ackermann as CCO

(Posted on 29/09/21)

Synergy Group, one of the world’s leading ship managers, has appointed Mr Martin Ackermann as... Read more


Nippon Paint sees Turkish drydocking spike amid Asia concerns

(Posted on 21/09/21)

Nippon Paint Marine has registered a significant spike in Turkish drydockings as operators of small-... Read more


Coaltrans Asia 2021Van AalstCleveland Cascades LtdTOC EventsPort of South LouisianaTelestack
  • Port of South Louisiana
  • Van Aalst
  • The Wolfson Centre for Bulk Solids Handling Technology

Subscribe to our newsletter

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