Consolidation in Singapore's offshore, marine sector holds benefits: Experts

Keppel Shipyard in Singapore. Temasek Holdings' proposed $4.08 billion deal to take majority control of Keppel Corporation will give local companies a better chance to stand up to growing global competition, analysts said.
Keppel Shipyard in Singapore. Temasek Holdings' proposed $4.08 billion deal to take majority control of Keppel Corporation will give local companies a better chance to stand up to growing global competition, analysts said.PHOTO: KEPPEL CORP

It will help local firms compete on global stage and address issue of underused shipyards, they say

A consolidation in Singapore's offshore and marine sector, if it happens, will give local companies a better chance to stand up to growing global competition.

The potential move will also go some way towards solving the problem of shipyards here being underused, analysts said.

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A version of this article appeared in the print edition of The Straits Times on October 23, 2019, with the headline 'Consolidation in offshore, marine sector holds benefits: Experts'. Print Edition | Subscribe