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Home›News›Offshore oil hunt highlights shipyards
News

July 25, 2006 · about 20 years ago

Offshore oil hunt highlights shipyards

Singapore’s shipyards want a bigger share of the offshore shipbuilding industry, eyeing areas now dominated by South Korea, Japan and Norway. Singapore-listed yards have secured well over half the 92 oil drilling rigs under construction worldwide, and are now looking to expand capacity in a bid to m

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Singapore’s shipyards want a bigger share of the offshore shipbuilding industry, eyeing areas now dominated by South Korea, Japan and Norway.

Singapore-listed yards have secured well over half the 92 oil drilling rigs under construction worldwide, and are now looking to expand capacity in a bid to meet a next wave of demand for vessels and platforms needed to pump oil and gas from the ocean bed to the market.

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