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Singapore M&OE remains relevant despite headwinds

Published on: 23-Feb-2018

​While the past three years has been tough for the marine and offshore industry, the sector remains a significant contributor to Singapore's economy. The industry accounted for S$3.6 billion, 1 per cent of Singapore's Gross Domestic Product with more than 23,000 local employees in 2016.

To compete effectively internationally, Minister for Trade and Industry (Industry) Mr S Iswaran urged the industry to embrace digitalisation, as well as tap on the promise of data analytics and artificial intelligence. One way of embracing digitalisation is the adoption of additive manufacturing. Industry players have teamed up to research the use of additive manufacturing technology or 3D printing. Keppel Offshore & Marine (KOM) is collaborating with key strategic partners such as Nanyang Technological University's Singapore Centre for 3D Printing and Lloyd's Register. SembMarine has roped in the National Additive Manufacturing Innovation Cluster, A*Star's Singapore Institute of Manufacturing Technology and DNV GL.

Media reports:

- The Business Times online

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