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.
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