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03 August 2020 The on-line newspaper devoted to the world of transports 17:03 GMT+2

May 23, 2000

Local marine industry's output plunges 19%

Shipbuilding, offshore sectors affected by regional competition

By Ann Toh


Regional competition and a slow market took their toll on the Singapore marine industry last year with total industry output down by 19 per cent to $3.12 billion.

The slide was led by large declines in the shipbuilding and offshore sectors of 52 and 46 per cent respectively. ......
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