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SINGAPORE SHIPREPAIRING, SHIPBUILDING & OFFSHORE INDUSTRIES DIRECTORY 2020/2021
The FPSO industry itself has evolved and has transitioned from single to double hull designs and increased storage capacities, requiring conversion of very large crude carriers (VLCC). Industry players with deep capabilities are capitalising on this growth.
RESKILLING
Today, where supply chain disruptions are very real, some companies have found timely
solutions to mitigate the risks, and achieve greater ef ciency in project management and execution. They are manufacturing some of the parts and components for projects.
Sembmarine and Keppel O&M are using 3D printing to fabricate parts and materials. Both the companies received certi cations in 2019, from DNV GL and Lloyd’s Register respectively, endorsing their use of 3D printing technology in fabricating components for their projects. These certi cations are critical in the production of high-value components essential for the offshore and marine structures. 3D printing will help speed up production time and project completion.
Encouraged by this success and the many bene ts, both companies are preparing for the validation and use of more 3D-printed components in their projects.
The industry is at the cusp of a groundswell of technological change. Industry 4.0, a
affected by supply disruptions. Certain projects are stalled owing to state-imposed restrictions on the movements of the workforce. Across the industry, the risks of project delays, uncertain revenue streams, and a drought of business opportunities loom large on the horizon.
The government has always been supportive of this industry, the key pillar of Singapore’s economic transformation into a rst-world economy. It has introduced measures in the past and is doing the same in this crisis through the swift allocation of nancial assistance. While not offering a silver bullet, the assistance provides much needed support - to meet immediate needs and help companies reposition themselves for recovery and future growth.
BRACING UP: TECHNOLOGY AND
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