Business
Ship Repair is important as a recurring income business segment
By Investment Moats  •  January 31, 2012


Ship Repair is important as a recurring income business segment ppe3

ST Marine’s president spoke on the importance of having both ship repair and ship building in one facility:

The ship repair generates recurring revenue, and often at better margins. But in ship repair, you need fast turnaround time, which is not just dependent on they workforce but also on the ability to get spare parts quickly. And because a lot of work has to be outsourced, it is important that a location should have other workshops or yards in existence. Few countries around the world check all these boxes.

[Drizzt is invested indirectly in ST Marine]

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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