Ship-repair facilities in Singapore and the wider South East Asia region have been hit by the double whammy of hot shipping markets and the Covid-19 pandemic.
Before the pandemic, repair facilities in the Lion City were consistently dry docking more than 500 vessels per year, according to figures recently compiled by Nippon Paint.
However, that dwindled to just 296 ships in 2020, the year the virus took hold, and 316 the following year.
