There is a great shortage of offshore vessels in Southeast Asia post COVID.

A large number of offshore construction vessels are available in Asia. More and more Asian vessel owners are exploring the possibility to place their vessels in Singapore and use Singapore as a base to support the offshore industry in Southeast Asia.

Singapore is in the process of getting the offshore community ready for the booming offshore renewable industry. However, there are very few WTIVs in Singapore and there is also a lack of local expertise in managing WTIVs.

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.