Singapore reclaiming the throne in offshore shipbuilding

Singaporean shipyards have held an influential position in the offshore shipbuilding world for years. Now they’re upping their game even more.

Aside from a few major project awards like the Johan Castberg FPSO for Statoil (which I’ll go into more detail on below), things don’t seem to have changed much in the offshore shipbuilding industry.  Nobody has placed an order for a drilling rig (yet), and the primary concern for most yards is to get rid of the rigs they already have.

Behind the scenes, however, we’re in the midst of a power shift from Korea to Singapore.

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