Sticking to the Deep: TKMS's Continued Success in Submarine Construction with Singapore and Germany
Singapore Places Submarine Order with Kiel Shipyard for Construction - Singapore Places Order for Submarines at Kiel Shipyard
Thyssenkrupp Marine Systems (TKMS) is set to delve deeper into the underwater realm, announcing a contract for the construction of two more Type 218SG submarines for Singapore. This addition to their arsenal comes after successfully building four previous vessels for the city-state in Kiel, Germany. With this new contract, TKMS's order book is swimming with a whopping €16 billion, demonstrating their dominant position in naval shipbuilding.
The Invincible Fleet Grows
The vibrant Southeast Asian city-state already boasts four submarines built by TKMS, collectively known as the Invincible class. These submarines, stretching 70 meters, are some of the largest vessels constructed in Germany since World War II and boast an air-independent fuel cell propulsion system. Capable of hosting a crew of 28, these subs are designed to weather the intense maritime security challenges in the Asia-Pacific region, including the tumultuous South China Sea.
A Fully-Reserved Schedule
TKMS has announced that they are already fully booked until the early 2040s. In December 2024, the Budget Committee of the German Bundestag approved the construction of four more Type 212CD submarines for the German Navy, adding €4.7 billion to TKMS's order book. Norway is also rumored to be considering increasing its submarine fleet, hinting at potential future opportunities for TKMS.
While the company is running at high capacity until the 2040s, TKMS assures that they have the capabilities to manage the additional orders within their existing German production facilities.
A Strong Position in the Global Market
The cooperative relationship with Singapore and the German Navy underscores a prosperous market situation in naval shipbuilding for TKMS. TKMS is also exploring additional ventures, such as a partnership with Fincantieri for the Philippine submarine project, reflecting their strategic role in the ongoing global naval modernization initiatives.
The Type 218SG submarines for Singapore serve to bolster the nation's naval capabilities in underwater warfare, providing critical resources to meet the complex maritime security issues in the Asia-Pacific region. Meanwhile, the Type 212CD submarines for the German Navy play a vital role in the modernization of their military, with a focus on advanced stealth technology and operational enhancements.
With a substantial order book and a diverse collection of contracts in hand, Thyssenkrupp Marine Systems is poised to continue its dominance in the submarine market, promising to deliver technologically superior vessels that cater to the evolving demands of their clients.
- The ongoing contract with Singapore to construct two more Type 218SG submarines highlights Thyssenkrupp Marine Systems' (TKMS) strength in the naval shipbuilding industry, adding €16 billion to their order book.
- TKMS, known for their cooperative partnership with Singapore, is also considering a strategic partnership with Fincantieri for the Philippine submarine project, signifying their role in global naval modernization initiatives.
- With four Type 218SG submarines successfully built in Kiel, Germany, TKMS is already fully booked until the early 2040s, as they are set to construct four more Type 212CD submarines for the German Navy.
- The Type 218SG submarines for Singapore will augment the nation's naval capabilities, providing resources to address the complex maritime security issues in the Asia-Pacific region, especially in the South China Sea. Simultaneously, the Type 212CD submarines for the German Navy will contribute to their military modernization, focusing on advanced stealth technology and operational enhancements.
