Maritime Singapore

Singapore is a maritime nation with a rich heritage going back some 700 years.

Today, Singapore is a global hub port and a vibrant International Maritime Centre with a dynamic

ecosystem of shipowners and operators, brokers, charterers, insurers, bankers, lawyers, arbitrators, and more.

Fun facts on Maritime Singapore

More than 80%
of world trade
is carried by sea.

Singapore is
well-connected to
600 ports
in over
120 countries

Every
2-3 minutes
a ship arrives
or leaves Singapore

At any one time,
there are about
1,000 vessels
at in the Port of Singapore.

Today, there are approx

maritime establishments
that collectively create some

jobs in Singapore

Every 2-3 minutes a ship arrives or leaves Singapore.

At any one time, there are about 1,000 vessels at Singapore’s port.

Singapore is well connected to 600 ports in over 12 countries.

Singapore is home to the world’s busiest container transshipment port.

Furthermore, Singapore is the second-busiest port in the world by tonnage.

The Tuas Megaport will be able to handle up to 65 million TEUs per annum, 50% more than the current capacity of Singapore’s port terminals.

This will both secure Singapore’s cargo connectivity to the world and raise our competitiveness as a global port hub.

Singapore consistently tops the rankings in the DNV-Menon Leading Maritime Cities of the World Report and the Xinhua-Baltic International Shipping Centre Development Index Report.

An Extensive Maritime Ecosystem

Shipping

Ship Owners and Operators
Owns, operates and/or manages vessels that transport goods from one location to another.

Ship Agencies
Coordinate the needs and requirements of vessels when they are at port. This can include, arranging for vessels repairs, loading and unloading of goods and collecting and issuing bills of lading.

Ship Broking / Chartering Services
Acts as the middleman between ship owners and charterers for the use of ships to transport goods, or between buyers and sellers for the sale or purchase of ships.

Ship Management Services
Acts as a third party to help ship owners manage or operate their ships. Management responsibilities depend on the contract signed between ship owner and ship management company. This can range from simply providing a crew for the ship to full management responsibilities like commercial operations and technical maintenance.

Port

Port Operations
Provides services to vessels when they call at the port. These services can include the loading and unloading of cargo, replenishing ships with bunker fuels and ship supplies, etc.

Ship Bunkering
Supplies bunker fuel of suitable grade and quality to vessels.

Maritime Services

Logistics & Support Services

Freight Forwarding
– Act as intermediaries between importers and exporters to seek out and coordinate the most cost effective and suitable method to transport goods between locations.

Technical Services

Classification Societies
– Organisations that establish and apply technical standards pertaining to the design, construction and survey of marine related facilities like ships and offshore structures. Facilities that have been designed and built to the rules of a society may apply for a Certification of Classification from that society.

Marine Surveying Services

Carries out inspections and examinations of vessels to ensure that their construction, machinery, equipment and cargo meet government, classification society and international maritime regulations.

Commercial Services

Maritime Legal Services
Provides legal advice and representation support to maritime companies on shipping, shipping finance and other shipping related matters. This can include helping clients to settle disputes on contractual agreements or liability for losses sustained at sea.

Maritime Insurance, Reinsurance and P&I
Offers maritime companies risk management instruments to cover any losses arising from damage to their assets or third-party liabilities such as claims made by other parties for vessel collision or pollution damages.

Ship Financing
Helps source or provide capital to maritime companies for fleet expansion, fleet renewal, refinancing, repair and upgrading of vessels, etc.

Maritime Education
Trains and equips maritime students and personnel with the skills and knowledge needed for the maritime industry.

Recreational
Providers of marine tours/travel, water sports and other marine leisure activities

Offshore and Marine Engineering

Offshore, Ship building and Repair
Build, design, convert, repair or upgrade vessels or mobile offshore rigs such as jack-ups and semi-submersibles.

Some examples of employers in this sector are Keppel Offshore and Marine, Sembawang Shipyard, Jurong Shipyard and Singapore Technologies Marine.