Singapore: As shipbuilding nations in South and Southeast Asia mature, Lloyd’s Register’s new guide provides an overview of over 80 shipyards and 18 ship designers in Bangladesh, India, Indonesia, Malaysia, the Philippines, Singapore, Sri Lanka, Thailand and Vietnam.

Lloyd’s Register has issued the first Guide to New Construction in South Asia.

“The future is looking extremely bright for shipping and shipbuilding in the South Asia area. Maritime trade looks set to grow, demand for energy infrastructure is highly likely to grow and local naval power and ambition is also set to grow,” the British classification society said in a release.

“The area now boasts an increasing number of world class shipbuilding centres including joint ventures combining the design and management of Korean or Japanese industry heavyweights with local workforces in Indonesia, Vietnam and the Philippines. This model has been so successful that yards such as Hanjin Subic Shipyard, employing more than 18,000 workers, have propelled the Philippines to a position as the world’s fourth largest shipbuilder,” LR noted.