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Image of industry: Marine and Offshore

Marine and Offshore

Overview

Singapore’s marine and offshore energy industry leads globally on many fronts like ship repair, shipbuilding, offshore engineering, and the shift towards cleaner energy. This industry connects global energy supply chains and contributes towards powering the world.

About industry

The industry offers a wide range of roles, such as building and repairing ships and oil rigs, or developing floating solar farms and offshore wind installations. It is changing quickly, focusing more on cleaner energy solutions like offshore wind, hydrogen, and carbon capture technology. You'll likely work on projects directly impacting global energy systems and climate action.
Industry illustration
Industry illustration

Industry facts

  1. 01

    As a globally recognised hub for this industry, Singapore hosts over 1,000 marine and offshore energy companies, that include competitive SMEs and large home-grown firms.

  2. 02

    The sector aims to create and redesign 1,000 local job roles by 2030 as part of structured industry growth planning.

  3. 03

    Singapore companies are targeting contracts that contribute to over 50 gigawatts of offshore renewable energy projects globally by 2030.

Rise of Offshore Wind Energy

Offshore wind turbines built at sea to generate electricity represent one of the fastest-growing energy areas. Installation capacity is projected to grow to 271 gigawatts by 2030.

Decarbonisation Driving New Roles

The global push to reduce carbon emissions creating new marine and offshore work openings. An estimated US$250 billion to US$800 billion investment is expected by 2050 for onboard tech upgrades to meet international shipping emission standards. This opens up careers in green engineering, sustainability consulting, and decarbonisation solutions.

Digitalisation Transforming Operations

The sector actively invests in digitalisation to make operations smarter, faster, and more efficient. Over 50 companies are building digital and decarbonisation capabilities within their teams. You'll find growing opportunities if you have skills in digital tools and advanced manufacturing technologies.
Industry illustration

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