This year has seen some of the major players such as Damen for example, looking ahead and rising above the various challenges that keep arising, as well as responding to the new realities and anticipating better times around the corner. It is imperative that we as an industry learn to be agile and develop new learn skills faster than before. Choose to stay up to date on the newest products, leading ideas that are impacting the workboats, industry. PSA Marine perform more than 100,000 tug moves in Singapore annually for a wide range of vessels including deep draft VLCCs, mega container ships, FPSOs and oil rigs. With a fleet of 50 modern and highly manoeuvrable harbour tugs, PSA Marine is the largest harbour tug owner and operator in Asia.
Join APM 2018 to: Meet prospective exhibitors including equipment companies, propulsion, builders, suppliers and many more; Attend educational seminars on business management and the latest technical advancements that is powering this market; Be a part of countless hours of networking at the various platforms which include the APM Conference, the welcome receptions as well as the other fringe sessions that take place over the course of the three days.
Who Will You Meet?
Boat brokers, Boat builders (OSV, tug, tow), Buyers, Commercial vessel operators, Commercial vessel owners, Engineers, Equipment manufacturers and distributors, Government officials, Marine architects, Marine surveyors, Military, Oil exploration, Shipyards
Southeast Asia's 11 countries have a combined gross domestic product (GDP) of $1.9 trillion; a population of almost 600 million people; and an average per-capita income nearly equal to China's. Asia has also gained strong foothold in global fleet ownership, with 5 of the top 10 ship-owning countries are from Asia including Japan, China, Singapore, Korea and Hong Kong.
The rise of trade blocks within more regions may continue to promote intra-regional trade by 2030 with Asia taking the centre stage in the global seaborne trade. The global shipping and offshore energy equipment industry has shifted unequivocally towards Asia. Asia will remain at the heart of the global shipbuilding industry for the foreseeable future. Singapore’s maritime ecosystem comprises over 5,000 establishments employing more than 170,000 people, and contributing about seven per cent to the Republic’s gross domestic product.
Home to about 130 of the world’s top shipping groups, a rich diversity of maritime products and services can be found in Singapore. It is the ideal Asian gateway for global leaders in shipping finance, shipbroking, risk management and marine insurance.
Singapore is also fast becoming Asia’s hub for maritime law and arbitration and is one of the top global players in the offshore and marine engineering industry. As a key gateway to business activities in Asia, Singapore presents opportunities for business transactions and networking with an established ecosystem of traders, shipping companies and maritime service providers.
Singapore has 70 per cent of the world market for jack-up rigs and 70 per cent of the global market for the conversion of Floating Production Storage Offloading units.
Within the industry, Singapore is undisputedly one of the front runners providing services in ship repairs and conversion, shipbuilding and offshore construction.
A Glimmer Of Hope Amidst The Gloom
The offshore marine sector in its current depressed state globally, which has resulted from the plunge in crude oil prices and oversupply of vessels. Shipyards, equipment suppliers all the way up to service providers, brokers as well as many industry players from this once buoyant sector have now got their work cut out for them.
On a brighter note however, industry players expect to see long term growth in demand for oil combined with the depletion of production and reduced capital investments to eventually push oil prices higher. This will then prompt E & P spending’s to resume, which will mean more rigs will be employed and further result in increased OSV activity.
Medium to long-term trends 2016 – 2030
Demand from emerging countries increasing; Expansion in offshore energy supply by 2030; Increased activities in regions such as West Africa and Southeast Asia, as well as the Artic and cold regions, provided oil does not remain at base-case; Acceleration in offshore renewables – increase size, numbers and further ashore; Further ashore to deeper waters for oil and gas industry; More hardware going subsea.
Singapore Marina Bay Sands - Sands Expo Convention Center, Sands Expo & Convention Centre
14.03.2018 - 16.03.2018
10.00 – 19.00, last day 10.00 – 17.00