Singapore is growing in importance as a center for Shipping and Marine industries: http://splash247.com/incisive-law-singapore-champion/
It is learning from others: http://splash247.com/lessons-singapore-learned-london/
Phase #1 on the new 20 Mill. TEUs/year Tuas Container Terminal started in April and is now 20% completed: http://www.channelnewsasia.com/news/...n/3356124.html
The big question is; “will it be completed ahead of schedule”??
Singapore Government is stepping in to support the Marine and Offshore industry in the Republic: Singapore offshore: Barely hanging on - Splash247
For thousands of citizens made redundant from the sector the move came too late.
Yes I know, I’m one of those hardest hit.
[QUOTE=ombugge;193203]Singapore Government is stepping in to support the Marine and Offshore industry in the Republic: http://splash247.com/barely-hanging-on/
Yes I know, I’m one of those hardest hit.[/QUOTE]
they are just bailing out their own muppet banks till I see otherwise…
Swibers debt over 700USD so far
Emas…oh we cant talk about that
Will Singapore loose it’s importance as a Shipping hub due to China’s One Belt One Road strategy?: http://splash247.com/chinas-new-silk-road-risk-singapore/
Just look at the map of the Western Pacific and you can see why China wants to secure supply routes that is not dependent on passage through Malacca or Sunda Straits, Luzon Strait or the Ryukyu Islands, all of which is easily blocked by an unfriendly power. Control of the South China Sea does not help in this respect.
That is why China is spending billions on building ports in Myanmar, Sri Lanka and Pakistan. With the latest development in US/China relations, look for this effort to be speeded up. Attempts to attract countries like the Philippines away from the American spear of influence will also be reinforced.
As trade with USA drops and confrontation become more likely, the importance of access to trade routes that cannot easily be disrupted becomes more important for China. They are therefore also building up high speed rail network through Kazakhstan and Russia to Europe: http://www.forbes.com/sites/wadeshepard/2016/06/28/what-the-newly-branded-china-europe-silk-road-trains-really-mean/#10d3c0061d85
MOL Express can already offer 15-18 day transit time from Japan to Europe via this network: http://www.simic.net.cn/news_show.php?lan=en&id=190531
[QUOTE=powerabout;193209]they are just bailing out their own muppet banks till I see otherwise…
Swibers debt over 700USD so far
Emas…oh we cant talk about that[/QUOTE]
Why not talk about EMAS/EZRA?: http://splash247.com/emas-offshore-reaches-deal-refinance-debt/
Singapore wants to be at the forefront of the LNG bunkering business: http://splash247.com/singapore-takes-lng-bunkering-lead/
[QUOTE=ombugge;193275]Why not talk about EMAS/EZRA?: http://splash247.com/emas-offshore-reaches-deal-refinance-debt/[/QUOTE]
Temasek have twice bought hundred of millions of dollars worth of shares to prevent it being delisted and defaulting, its a basket case too big to fail
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[QUOTE=ombugge;193301]Singapore wants to be at the forefront of the LNG bunkering business: http://splash247.com/singapore-takes-lng-bunkering-lead/[/QUOTE]
good long term planning there
Looks like Temasek didn’t spit in enough: EMAS Chiyoda Subsea defaults on Forland Shipping charter - Splash247
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good long term planning there
That is what Singapore is renowned for.
50 year perspective, not quarter by quarter.
[QUOTE=ombugge;193272]Just look at the map of the Western Pacific and you can see why China wants to secure supply routes that is not dependent on passage through Malacca or Sunda Straits, Luzon Strait or the Ryukyu Islands, all of which is easily blocked by an unfriendly power. [/QUOTE]
Deja vu again … I seem to recall a similar strategy in the not so distant past.
The Greater East Asia Co-Prosperity Sphere
Singapore is planning for a green future as an International Maritime Center: http://splash247.com/green-ahoy/
If you want to stay ahead you have to plan even further ahead.
Singapore is first again in the Expat Explorer Survey: https://expatexplorer.hsbc.com/survey/
Best place to be an Expat, but also the most expensive place for expats to live: http://www.economist.com/blogs/graph.../daily-chart-4
The moral of the story?: “Good is not cheap and cheap is never good”
PS> If you are planning to leave from Trump’s “Great American Paradise” anytime soon, the Expat Explorer Survey is interactive. You can check out the merits and drawbacks for the various countries to find out which may suite your requirements and interest.
The 500 ships in the CMA CGM fleet will now be “controlled” from shore based centers in Singapore, Marseilles and Miami: http://worldmaritimenews.com/archives/210593/cma-cgm-sets-up-singapore-navigation-and-port-operations-center/
Should this have gone in the “Future of Ships” or “Has too much decision making move sahore?”…" threads? Both would probably do.
[QUOTE=Steamer;193370]Deja vu again … I seem to recall a similar strategy in the not so distant past.
The Greater East Asia Co-Prosperity Sphere[/QUOTE]
That strategy explained in great details: https://ig.ft.com/sites/china-ports/
Today’s Chinese strategy that is.
BTW The first train directly from China has arrived in London: http://www.bbc.com/news/business-38654176
PSA is getting ready for the big move to the new Mega Port at Tuas: http://www.straitstimes.com/business/psa-gears-up-for-move-to-tuas
Another major container line to be based in Singapore?: http://fairplay.ihs.com/commerce/article/4281266/japan-lines-container-shipping-joint-venture-may-be-based-in-singapore
At the same time Keppel plans to shut down three shipyards in Singapore: http://splash247.com/keppel-closes-three-yards-cuts-2620-staff/
The death of Singapore ship and rig building has been predicted again: http://splash247.com/singapores-millionaires-not-best-suited-build-rigs/
Maybe it is true this time, since there is not much hope of a building boom for rigs and offshore vessels in the next few years. Building VLCCs are not a likely scenario in high cost Singapore.
Ship and rig repairs and conversions are likely to remain a bit longer though.
Singapore Maritime Officers Union is doing their part to ensure Cadet places are available for Singaporeans joining the profession: http://www.straitstimes.com/singapore/union-offers-firms-12m-to-train-seafarers
MOU is part of the larger NTUC labour organization, which represent all Unions in Singapore in dealings with the Government.
The Tripartite cooperation between Labour Unions/Employers/Government is set up to aid skills upgrading and life-long learning to ensure that workers remain relevant to the ever changing requirements of the labour market.
[QUOTE=ombugge;194848]The death of Singapore ship and rig building has been predicted again: http://splash247.com/singapores-millionaires-not-best-suited-build-rigs/
Maybe it is true this time, since there is not much hope of a building boom for rigs and offshore vessels in the next few years. Building VLCCs are not a likely scenario in high cost Singapore.
Ship and rig repairs and conversions are likely to remain a bit longer though.[/QUOTE]
Or maybe not: http://news.asiaone.com/news/business/chinas-poly-gcl-talks-sembmarine-flng-project
Singapore’s oldest Container Terminal at Tg. Pager has closed for business, at least for mainline vessels: http://www.seatrade-maritime.com/news/asia/could-this-be-the-last-containership-to-call-psa-singapore-s-tanjong-pagar-terminal.html
The new 60 Mill. TEU/yr. Mega Port at Tuas will open for business in 2020. In the meantime the newly expanded Pasir Panjang Terminal will take up the slack.