Transcript The Power of The Chamber 2014 Slide Template

The Marine Sector in
Singapore
Shipping in Singapore
• Strategic network of shipping lanes
• 1/7 of the world’s container transhipment
• 200 shipping lines to 600 ports in 123 countries
• Global leaders in shipping finance, shipbroking, risk management and marine insurance
• Singapore has been a centre for international trade for over 200 years being ideally
positioned between the traditional east-west trade routes.
• Singapore’s maritime industry employs more than 100,000 people, both based onshore and
on ships.
• Major charterers, ship owners and brokers base their commercial activities in Singapore
• Home to about 130 of the world’s top shipping groups
The Port of Singapore
• Port of Singapore's gross tonnage will grow by 3.2% in 2014 and will expand at the same
average rate over our medium-term forecast period to 2018.*
• Port of Singapore box handling set to grow by 3.0% in 2014, with average annual growth set
at 3.6% per-annum over the medium term.**
• Singapore is the busiest port in the world in terms of shipping tonnage, with some 120,000
vessel calls annually.
• The quality, efficiency, competitiveness and reliability of its port and shipping services make it
the preferred international port of call.
Ship building and Repair
• Ship repair in Singapore dates back to when the first dry dock was
built in 1859.
• Singapore operates the most technically advanced and efficient
shipbuilding and ship-repair facilities in Southeast Asia
• Currently, it holds about 70% of the world's jack-up rig-building
market and over 65% of the global floating production storage and
offloading (FPSO) conversion market.
• Singapore ship repairing has gained international recognition for
its specialised re-construction jobs, which range from conversion
to jumboisation.
• Projects include the conversion of car carriers to livestock carriers
and tankers to FPSOs, just to name a few.
• Vessels built include cableships, container vessels, product tankers,
naval ships, landing ship tanks and patrol crafts.
Marine Supporting Industry
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Small to medium-sized workshops to comprehensive factory facilities.
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Many overseas manufacturers have also set up local agencies for their own manufacturing, sales and
services facilities
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Comprehensive range of marine services in various industries such as;
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electronics communication
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navigation,
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automation precision
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machining,
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and corrosion control.
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Numerous factories manufacturing or servicing marine equipment and components such as diesel
engines and turbochargers.
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Other services available include ship design and consultancy, marine inspection and surveying.
Bunkering Support
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Bunkering is the process of supplying fuels to ships for their
own use
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Singapore is also one of the top bunkering ports in the world,
lifting about 30 million tonnes of bunkers annually.
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Singapore has implemented bunkering standards, covering;
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documentation,
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equipment,
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procedures,
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quality of bunker fuel supplied
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The Marine and Port Authority of Singapore (MPA) has
implemented accreditation schemes for bunker suppliers and
bunker surveying companies with the aim of recognising good
practices and deterring malpractice in the bunker supply
industry.
MPA Incentives
• MPA has in place a growing number of incentives and initiatives to help both new and
existing players develop their business.
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Maritime Sector Incentive (MSI) scheme
MSI-Approved International Shipping Enterprise (MSI-AIS) Award
MSI-Maritime Leasing (MSI-ML) Award
MSI-Shipping-related Support Services (MSI-SSS) Award
• We have produced a shipping and logistics factsheet which gives details of these incentives
schemes
• Withholding tax exemption on interest payable on loans obtained from foreign lenders to
finance the purchase or construction of ships
• Withholding tax exemption on interest and related payments on loans obtained from foreign
lenders to finance the purchase of containers and intermodal equipment
• Maritime Cluster Fund (MCF)
MULTIPLE R&D LINKS BETWEEN
ACADEMIA AND INDUSTRY
• Technology is a key driver for the marine engineering sector.
• Singapore actively promotes R&D collaboration between its educational institutions and the
private sector.
• Centre for Offshore Research & Engineering and Centre of Innovation – Marine & Offshore
Technology.
• both the Marine Centre of Innovation @ Singapore Polytechnic and Maritime Research
Centre @ NTU work closely with local yards, such as Keppel, SembCorp, and ST Marine, to
develop new capabilities.
UK based firms in Singapore
• Hill Dickinson
• Martek Marine
• Clyde Marine Recruitment
• Pacific Carriers Limited
• DPM (Singapore) Pte Ltd
• Braemar Seascope
• OSD Singapore Pte. Ltd
• Evergreen Marine