counterparts. Chinese shipbuilders, as an example, are dominating the market with their low-
priced, high-quality vessels.
As for adoption of Industry Revolution (IR) 4.0, the majority believe that the whole SBSR
sector is not ready, but some shipyards are quite keen to begin implementing IR 4.0 within their
own business processes. One shipyard for example was eager to share and promote the latest
high-technology steel plate cutting machine that was purchased recently, and had high
expectations that other shipyards would also follow suit in the near future.
Other issues that were highlighted include the increase in raw material costs as a result of GST
and the inability to build bigger, higher-value vessels due to geographical limitation.
Environmental Scan – Maritime (Shipbuilding and Ship Repair -SBSR) Sector
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