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Singapore-based owners set to take record deliveries in 2018

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Singapore-based owners are set to take delivery of the highest number of vessels on record yet by the end of 2018, according to valuation platform VesselsValue.com. 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, and the chart above includes all major vessel segments from offshore to VLCCs, it added.

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 these orders, which reflects the rich maritime ecosystem of Singapore.

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The orderbook outstanding in 2018 catapults the Lion City to the number two spot of expected deliveries, with the 250 vessels expected to hit the water this year just behind China, 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.