Defense News
04/09/2012
Singapore’s ST Marine ‘Coming of Age’
Joint Venture
Boosts Firm’s Stature in Maritime Community
By Wendell
Minnick
TAIPEI — Singapore
Technology (ST) Engineering’s marine arm, ST Marine, has partnered with Swedish
shipbuilder Kockums to form a joint venture company called Fortis Marine
Solutions to service the Republic of Singapore Navy’s (RSN) six Kockums-built submarines.
The partnership,
announced April 4, was formed for the sole purpose of providing comprehensive maintenance
and overhaul services as well as life-cycle support for Singapore’s submarines,
said Lina Poa, spokesperson for ST Engineering. “There is no commercial side to
it.”
The RSN procured four
Challenger-class submarines in the late 1990s and two Archer-class submarines
in 2005, launched in 2009 and 2010. Kockums, part of the German-based
ThyssenKrupp Marine Systems, built Archer and Challenger.
Kockums has been
working closely with ST Marine since the mid-1990s on both submarine programs, but this new joint
venture will cement the relationship. ST Engineering will hold a 51 percent
stake in Fortis, with 49 percent going to Kockums. Fortis Marine Solutions, now
an ST Marine subsidiary, will be based in Singapore.
While ST
Marine has been providing up to depot-level submarine maintenance, the joint
venture was “formed with the primary objective of providing a higher-level
in-country capability in the refitting and life-cycle support services for the
submarine fleet of RSN,” said an ST Engineering press release.
“Fortis Marine
Solutions is an important widening of our activities in Singapore and a strong
sign of our long-term commitment to provide the RSN with the best support throughout
the lifetime of our products,” said Ola Alfredsson, CEO of Kockums.
The joint
venture is a significant indicator that ST Marine must now be taken more
seriously by the international maritime industry, said Bob Nugent, vice
president of advisory services at AMI International, a naval analysis firm. The
venture, along with the recent Oman deal to buy three offshore patrol vessels
from ST Marine, mark ST Marine’s “coming of age,” he said.
ST Marine beat
both the Netherlands-based Damen Schelde Naval Shipbuilding and India-based Goa
Shipyard. “There are indications the winning ST Marine offshore patrol vessel design for Oman reflects some elements
of the Visby design — which came from Kockums — so the two companies already have
a design relationship that goes back to the Singapore sub program,” Nugent said.
The Visby-class
corvettes have a stealthy, angular design and the hull is made out of carbon
fiber and vinyl laminate, which reduces the infrared and magnetic signature.
For the RSN, having ST
Marine “strengthen their relationship with a world-class surface ship and submarine
design/build house gives the country and the Navy a stronger local resource to
draw on for future modernization and capability growth,” Nugent said.
In part, the joint
venture move is likely driven by the upcoming RSN submarine replacement program,
he said. “According to our data, expect concept start for the new
RSN sub to start in the
2016 time frame.”
AMI estimates that, in
the next two decades, navies in the Asia-Pacific region will acquire almost
half of all new submarines. “Makes sense for both ST Marine and RSN to bolster
their credentials in this critical market segment,” Nugent said.
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