Page 57: of Maritime Reporter Magazine (December 2015)

Because of its facilitation of support worth $14.1 billion and completion dates cruise passenger hub as well. Shipping Enterprise (AIS) scheme in- services, timely investments guarantees stretching up to 2019. The Singapore Registry of Ships troduced in 1991 to attract more foreign and the high level of services the coun- Singapore is also expanding and con- (SRS) was established in 1966. Today, maritime auxiliary service providers in try is well placed to meet all future de- solidating the existing ? ve terminals Singapore is reputed for its quality ship Singapore – this went a long way in the mands. At any given time there are about to eliminate the need for inter-terminal registry and is ranked among the world’s creation of a comprehensive internation- 600 to 1,000 vessels in Singapore ports haulage as well as to provide more ad- top ten largest ship registries, with a ? eet al hub. or anchorage locations. Annually around vanced processes. Last year, the con- of more than 4,500 registered vessels. Singapore is increasingly engaged 120,000 vessels call at Singapore. tainer throughput recorded 33.9 million The total tonnage of ships gained 11.7 in challenging projects, consequently,

The shipbuilding industry is led by TEU, the highest ever and vessel arrival per cent to 82.2 million gross tonnes last more knowledge-intensive skills and two large shipyard groups, SembCorp tonnage rose by 1.9 percent to 2.37 bil- year and continues to be the preferred higher engineering content are required

Marine Ltd and Keppel Offshore & Ma- lion gross tons. choice of ? ag for many international from the workforce. As a result, man- rine. Both operate within the entire value Singapore prides itself as the world’s ship owners. Singapore’s ef? cient infra- power and mechanization constitute key chain from ship repair to rig building and top bunkering port with the registered structure and business-friendly environ- challenges for the industry, followed by offshore production. In addition to these bunkering sales volumes of almost 43 ment continues to attract ship owners the related problems of training, foreign two key players, more than 40 medium- million tons. The collapse of OW Bun- worldwide to register their vessels under worker employment and work safety. sized shipyards are located in this dense ker, a leading marine fuel trader from the Singapore ? ag. Today, foreign workers comprise about city state supported by a host of com- Denmark, in November last year ap- The Maritime and Port Authority of 75% of the employees in the Singapor- panies offering a wide spectrum of ser- peared to have no major impact on the Singapore (MPA) was established in ean yards.

vices including ship owning, designing, local bunkering sector. Singapore re- 1996. As Port Authority, MPA regulates The global demand for oil and gas will engineering, marine equipment supplies, mained the world’s top bunkering port and manages port and marine services only grow, and as the exploration and navigation, managing, broking, ? nance, last year, although sales volumes de- and facilities the activities within the production is shifting to more challeng- insurance, arbitration testing and certi? - clined marginally to 42.4 million tons Singaporean waters. This includes vessel ing environments, oil companies require cation. from 42.7 million tons a year earlier. traf? c and navigational safety and secu- newer, safer and more ef? cient rig units.

The shipbuilding sector actually im- However the cruise business market rity, through regulations on operational At the same time, the existing global proved its performance in 2012 and is at an emerging phase. Singapore is ef? ciency and on the environment. offshore ? eet is ageing and is in need of launched a total of 110 vessels, compris- already the homeport of Costa Cruises Singapore has introduced incentives renovation and replacement. Singapor- ing mainly relatively small-sized spe- and Star Cruises, and Royal Caribbean for shipowners and operators to set up ean rig-builders with their proven track cialized vessels. The rig building order International as well as Princess Cruises. their operations in the country. Promi- records are in a good position to meet the book hit a new high with secured deals Singapore may thus turn into a future nent among these being the International demand for new rigs.

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