Taking place every even year, Asia Pacific Maritime (APM) is the premier event in Southeast Asia where 15,000 owners, builders, procurers, end-users of products/service from Asia and 1,500+ international suppliers in the shipbuilding & marine, workboat and offshore industry come together across three days to buy, sell and network.
The growth for the global shipbuilding sector is forecast to reach about 3-5% annually, before picking up substantially after 2017. Growth will be driven largely by the Asia-Pacific region, which has four of the top five leading traders in ship parts.
Singapore sits at the crossroads of Asia Pacific despite; she dominates within the region when it comes to the construction of customised and specialised vessels, such as offshore support vessels, dredgers, research vessels. Advanced technology and innovation are being promoted as the critical survival tools, which are allowing these companies to compete more on advanced engineering capabilities rather than on deeply discounts.