Singapore ready with rescue package for shipping

Singapore will soon roll out the rescue package to its maritime industry which was presented by the authorities at the end of 2016.

Photo: /ritzau/AP/Wong Maye/

Soon it will be Singapore's turn to give a helping hand to the country's ailing maritime industry, announced the Maritime and Port Authority in (MPA) Singapore, in a press release ahead of next week's major event Singapore Maritime Week, including Sea Asia.

The event, which is considered the world's biggest maritime event, is only held every two years and in 2017 is greatly influenced by the fact that both shipping and offshore find themselves in extraordinarily tough markets.

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