Think long-term, marine and offshore sector urged (The Straits Times)

The local offshore and marine industry should continue to build capabilities for the long-term even as it grapples with current challenges, said Dr Koh Poh Koon, Minister of State for Trade and Industry.

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Link to Article
30 November 2016

Dr Koh said at a trade event yesterday: “The marine and offshore engineering industry is experiencing a deep and prolonged slowdown as a result of cyclical and structural forces. Consequently, the industry’s financing challenges have intensified in recent months.

“However, it is important that we preserve the industry’s core capabilities that have been developed over the years, as they will be important to seize further opportunities.”

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