Investors looking for diversified companies that could benefit from the bustling shipbuilding market may want to consider Jurong's parent, Sembawang Corp.

CNN: SAILING AGAINST THE WIND

Huntsman is building another polyetheramines plant, this time on Singapore's Jurong Island.

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But as these visions are developed, their potential to become a reality will depend on the success of facilities such as the Jurong Caverns -- considered by Tan as a prototype for underground developments in Singapore.

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But thanks to consolidation and the devaluation of the Singapore dollar, the remaining companies - Jurong Shipyard and Hitachi Zosen (Singapore) - are in better shape to compete in the worldwide vessel repair and conversion market.

CNN: SAILING AGAINST THE WIND