FACTORS DRIVING THE BUSINESS

Shipping traffic through Singapore is on the rise:

• Singapore is currently the world’s busiest port in terms of vessel tonnage.
• Singapore is a transshipment hub for inbound international seaborne freight for the region.
• We expect growth of the economies in the Asian region, particularly India and the People's Republic of China, to positively impact the shipping industry in Singapore.

Growth of the shipbuilding and ship repair industry in Singapore:

• Singapore has established itself as a base for the offshore sector, which services the oil and gas industry in the region.
• The ongoing demand for specialized vessels, tankers, offshore structures and rigs provides a base of business for the shipbuilding and ship repair industry.
• Singapore possesses good port facilities for arriving vessels to avail themselves of its ship repair facilities.
• An increase in shipping traffic through Singapore will have positive impacts on the ship repair activities in Singapore.

Distribution supply hub for the region:

• We are the regional distributor for many of the products in our portfolio. Our services transcend international borders into S.E.A, India, and Middle East etc.
• Despite being in a vibrant maritime cluster in Singapore, we would like to further develop our business networks in the region.
• We strive to be internationally-recognized as a distribution hub for the Marine & Offshore Industry.