Thinking Aloud – an opinion
It was indeed a stormy maritime year; felt globally and impacted locally. We witnessed the demise of some shipping giants both locally and internationally. Undoubtedly the main focus was on the poor revenues.
|Was it due to the intense competition among big players in the price wars, or the huge surplus of ships, or the contraction of world trade, or a case of over- optimistic expenditures in anticipation of the economic recovery? Could it be a combination of the above and more? Whatever it was, shipping has to continue as it carries 90% of the world trade….|
PEOPLE ARE OUR MAIN CAPITAL & ASSETS
In this feature, we highlight the silent warriors – the people who makes Singhai Marine Service functions around the clock. Their contributions are by no means small; let’s have a peek at their aspirations and the lighter side.