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Resilient during the pandemic, SUTL sets sail for Asia expansion

Jovi Ho
Jovi Ho • 8 min read
Resilient during the pandemic, SUTL sets sail for Asia expansion
Singapore grapples with a shortage of berths and facilities specifically tailored to accommodate larger yachts and super-yachts, says Arthur Tay, chief executive of SUTL Enterprise. Photo: Albert Chua/The Edge Singapore
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The services industry faced significant challenges during the pandemic. This publication has previously explored the impact on the nation’s cinema business and live concerts. However, one unique Singapore-listed company has bucked the trend and is now on stronger footing than ever.

SUTL Enterprise develops and operates marinas and provides marina consultancy, development and yacht chartering services. It owns ONE°15 Marina Sentosa Cove in Singapore, which was established in 2007; and operates ONE°15 Luxury Yachting, which provides yacht chartering services at the club.

Beyond Singapore, SUTL generates revenue by offering consulting and management services for third-party-owned marinas in China and Indonesia under the ONE°15 brand.

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