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The local maritime industry is built principally on servicing the local energy industry and growing non-energy transshipment trade. The industry has also developed competitive ancillary sectors in bunkering, marine construction and ship repair. Given the bullish outlook for the energy industry over the next 10 to 15 years, and the opportunity for capturing a greater proportion of the transshipment trade locally, as well as, our favorable geographical position, prospects for developing a viable and competitive local maritime cluster is possible. Currently, market opportunities exist in some key areas, such as: |