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Ms Tristine Lim
General Manager
Marshall Cavendish Business Information Private Limited
At the height of the COVID-19 pandemic, sea freight which accounts for over 80 percent of international movement of goods became more important than ever.
Asia displayed its resilience, strengthened its global maritime trade, and increased its volume of goods discharged. The region held fast to its top position as the global hub for container traffic, with nearly two-thirds being handled at Asian container ports.
As the International Maritime Centre, Singapore did well to rise above the challenging climate and supply chain disruptions and continue to perform as a trusted global maritime hub.
For the fifth consecutive time, Singapore has been ranked the top leading Maritime City of the World in the international benchmarking study by Norwegian classification society, DNV and the Norwegian consultancy, Menon Economics AS. The Republic retained its top spot as an international shipping centre in the Xinhua-Baltic International Shipping Centre Development Index for the eighth consecutive year. Nine companies established their operations in Singapore and 14 businesses expanded their operations.
Singapore also remains the world’s busiest container transhipment port, handling a record high of 37.5 million TEUs of container throughput in 2021. Vessel arrival reached 2.81 billion gross tonnage (GT). Bunker sales, of both conventional fuels and liquefied natural gas, exceeded 50 million tonnes.
With the race on to meet the International Maritime Organization (IMO)’s global maritime emissions target to reduce emissions from marine shipping 50% by 2050 (relative to 2008 levels), Singapore is aggressively scaling up to offer the world solutions to build a greener and sustainable future.
The Republic is intensifying its decarbonisation efforts in the maritime sector with the unveiling of a blueprint that sets out strategies and goals to be achieved by 2050.
The Marine and Offshore industry has much to gain from the Government’s energy transition initiatives and efforts. The industry is no longer just about shipbuilding as it throws its weight behind the fight against climate change and rides the wave of the green international shipping.
Marshall Cavendish Business Information is privileged to be associated with the industry’s growth and development. By bringing industry players, key suppliers and government agencies together in a shared resource space, we trust that valuable connections can be forged; innovation and entrepreneurship can be harnessed; and solutions can be offered for accelerated growth.
We would like to thank our advertisers for their participation in the Asia Marine & Offshore Industries Directory 22/23. Your presence makes adifference.

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