Vessel Shortage in Southeast Asia:
A significant post-COVID shortfall in offshore construction vessels, creating a clear
demand-supply gap.

Fleet Surplus:
A large number of idle offshore construction vessels remain available in Asia.

Strategic Shift to Singapore:
Many vessel owners are now considering relocating their assets to Singapore to
serve Southeast Asia’s and connecting offshore markets more effectively.

Renewable Energy Momentum:
Singapore is preparing to become a hub for offshore renewable energy but currently
lacks Wind Turbine Installation Vessels (WTIVs) and experienced local operators.

SingTech has in the past decade obtained substantial experience in managing offshore vessels, in particular HLVs, DLBs, DSVs and WTIVs. SingTech also intends to place some of its own vessels in Singapore.

SingTech team has established an excellent network in the offshore industry in Southeast Asia in the past two decades.