Offshore & Marine Engineering
A one-stop marine centre for ship owners, managers and agents around the world, the marine and offshore engineering sector of Singapore has more than 1,200 establishments, employs 90,000 employees and contributes 1.7% of the nation’s GDP.
Offshore and marine engineering involves the design, construction and installation of facilities in a marine environment, typically for the generation of resources such as oil, gas or electricity. Some engineering services offered in Singapore include ship repair and ship conversion, building of jack-up rigs, shipbuilding and the conversion of FPSO (Floating Production Storage and Offloading) units. Singapore’s offshore and marine engineering sector is internationally renowned not only for its specialised re-construction jobs, but also for fair prices, quality workmanship and timely delivery. In 2013, Keppel FELS, a subsidiary of Keppel Offshore & Marine (Keppel O&M), was named “Largest manufacturer of offshore rigs – current” by Guinness World Records for delivering 21 offshore rigs to its customers in a year, adding yet another accolade to Singapore’s stellar achievements in the marine and offshore engineering sector.
Despite being a small nation, Singapore consistently punches above its weight in the global arena — this time with local conglomerates Keppel Corporation and Sembcorp Marine Limited, who make up two of the world’s top five rig builders. Others include South Korea's Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. Of these, Singapore is the largest manufacturer of jack-up rigs, commanding 70% of the world market, and occupies 70% of the global market for the conversion of Floating Production Storage Offloading (FPSO) units.
FIND OUT MORE
Economic Development Board – Industry Background on Offshore and Marine Engineering
Keppel Offshore and Marine – Homepage
Keppel Shipyard – Homepage
Sembcorp Marine – Homepage