Independent journal on economy and transport policy
01:32 GMT+2
Local marine industry's output plunges 19%
(Shipping Times)
May 23, 2000
Shipbuilding, offshore sectors affected by regional competition
By Ann Toh
[SINGAPORE]
Regional competition and a slow market took their toll on the Singapore marine industry last year with total industry output down by 19 per cent to $3.12 billion.
The slide was led by large declines in the shipbuilding and offshore sectors of 52 and 46 per cent respectively. ...... Read more on Shipping Times
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