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The Maritime Sector in Singapore (2018-2023) - ResearchAndMarkets.com

September 27, 2018

DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Maritime Sector in Singapore - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

Singapore is one of the leading international trading hubs and recognized as a significant leader in transshipment trade. Owing to the excellent quality and services, the maritime sector in Singapore has gained traction over the past few years.

Despite the decrease in the container volume of the major transshipment hubs like Hong Kong, and tough competition from neighboring ports in Malaysia, the container traffic at the Singapore ports has reached 33.7 million TEUs in 2017, which represents an increase of 8.9% when compared to 2016.

The strategic geographical location of the country serves as a gateway to ASEAN countries and the rest of the world and has a connection with more than 600 ports in over 120 countries.

Additionally, the world-class infrastructure and consistent Research and Development (R&D) Activities has made the Singapore’s marine Industry as the top international shipping center for the fifth consecutive year in a benchmark report published by Baltic Exchange and Xinhua. But the evolution of direct shipping routes and significant port developments in the other ASEAN countries poses a threat to the shipping industry of Singapore.

Major Market Developments

The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their MOU on cooperation in Research and Development (R&D) and Information Exchange. The renewal aims to advance the collaboration between the two parts in port safety, port digitalization, port services & operations and handling of autonomous vessels in port. PSA Singapore presented advanced port technologies at an exhibition Intelligent Port of the Future held at Pasir Panjang Terminal Building. The featured technologies include amphibious drones, exoskeletons for port staff, automated quay cranes, and robotic arms, which were never before seen at container terminals in Singapore.

Key Players

PSA International American President Lines (APL) NYK Line Megayton Shipping Unsworth Global Logistics COSCO Shipping DHL Pacific International Lines (PIL) MSC Evergreen Group Yamato Transport Singapore Shipping Corporation Limited AAL

Key Topics Covered

1. Introduction

2. Research Methodology

3. Maritime Sector in Singapore Insights

4. Maritime Sector in Singapore Dynamics

5. Maritime Sector in Singapore Segmentation and Analysis

6. Maritime Sector in Singapore Future

7. Competitive Landscape

8. Company Profiles

PSA International Pte Ltd. American President Lines (APL) NYK Line Megayton Shipping Unsworth Global Logistics COSCO Shipping DHL Pacific International Lines (PIL) MSC Evergreen Group Yamato Transport DSV CMA CGM Singapore Shipping Corporation Limited AAL LHN Group Eastern Pacific Shipping Pte Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/8qtbrn/the_maritime?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005875/en/

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Related Topics:Maritime

KEYWORD: ASIA PACIFIC SINGAPORE

INDUSTRY KEYWORD: TRANSPORT MARITIME

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/27/2018 03:38 PM/DISC: 09/27/2018 03:38 PM

http://www.businesswire.com/news/home/20180927005875/en

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