ShippingWatch

Singapore yards prepared to compete with state-backed rivals

Shipbuilders in Singapore note severe pressure from competitors backed by state support schemes and billions of dollars in subsidies. ShippingWatch has asked how two of the biggest yards handle the competition scenario.

Skibsværftet Daewoo i Sydkorea. Foto: Ritzau/AP/Kim Dong-min Photo: /ritzau/AP/Kim Dong-min

SINGAPORE

Money flowing from governments to the respective countries' industries has become a much bigger factor today for shipbuilders, manufacturers and shipping companies.

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