Updated: 08/19/2012 05:42

Marine and offshore industry remains strong



Marine and offshore industry remains strong


Acting Minister for Manpower Tan Chuan-Jin says the marine and offshore industry remains strong due to rising energy demand in the world. 

He said the demand is strongest in growing economies such as China. 

Last year the sector contributed over 16 billion dollars to Singapore's economy. 

The number of locals working in the sector grew to 18,000 in December last year - an increase of about 30 per cent from the month 10 years ago.

Mr Tan was speaking at a ceremony to name a vessel by Keppel FELS, an offshore subsidiary of rigbuilding giant Keppel Corp. 

The vessel, Seafox 5, will be delivered next month more than a month ahead of schedule, with an excellent safety record. 

Keppel has already received enquiries for similar vessels.

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