News

Energy & Offshore

Staff Reporter

, Singapore

Published:

10 years ago

Large order wins were few and far between for Singapore's largest shipbuilders in 2015

Chart of the Day: This is the sorry state of Singapore's largest listed shipbuilders

Order books shrank sharply in 2015.

Large order wins were few and far between for Singapore's largest shipbuilders in 2015. This chart from DBS shows that most builders endured a sharp decline in order wins last year, on back of the prolonged offshore oil and gas downturn.

One of the hardest hit companies is offshore support vessel (OSV) builder Nam Cheong, which saw its net orderbook value crash by 52% to MYR 630 million ($210 m). Another badly-hit company is Vard, which saw its net orderbook value drop by 42% to NOK 10.2 billion ($1.65b).

Apart from shrinking orderbooks, shipbuilders also grappled with record-low utilisation rates, delivery deferrals, and falling asset prices.

"The yards are the last in line in terms of cash flow trickle-through; if vessel and rig owners continue to under-utilise their assets, order wins are likely to remain low for shipbuilders,” said DBS.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia