You are here

Singapore shipyards bag S$4.9b in new orders despite dive in demand

Marine industry chief calls for prudence, 'rightsizing', and R&D investment
Wednesday, June 1, 2016 - 05:50

Low oil prices have depressed exploration and production capital expenditure, resulting in cut-backs in drilling activities and falling demand for drilling rigs, Mr Chow said.


SINGAPORE shipyards secured S$4.9 billion in new orders during 2015, demonstrating the willingness of some offshore and marine (O&M) players to invest and build up capabilities and capacities for the longer term despite the global economic downturn and uncertain market

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom