Despite plunging oil prices, Gulf on brink of boom

Whoever is warning that slumping crude prices will curb oil production hasn’t told the tenants of this bustling oil port.

Cranes line two enormous slips, expanding capacity and building more facilities. Louisiana-based Bollinger Shipyards is constructing four massive dry docks able to service 300-plus-foot vessels.

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How Singapore’s port helped change the country’s economy

The port of Singapore has played a significant role in the development of Singapore, helping the Republic become a first world economy in one generation. The maritime industry currently contributes about 7 per cent to Singapore’s GDP, or 10 per cent of the services sector – which makes up three-quarters of the Singapore economy.