Page 56: of Maritime Reporter Magazine (December 2015)

COUNTRY REPORT: SINGAPORE

By Joseph R. Fonseca

Singapore Facts

Area:

Stimulus Aids

Total: 697 sq km

Land: 687 sq km

Water: 10 sq km

Maritime Singapore

Coastline: 193 km (192nd in the world) ith a thriving ecosystem foreign company to set-up base was Ja- building, ship repairs and conversions of maritime and port ser- pan’s second largest shipbuilding group and a leader in the building of rigs and

Natural resources:

Fish, Deepwater Ports vices, Singapore is an is- IHI. Seeing the healthy investment cli- offshore structures and in the conver-

Wland city-state off south- mate, a line of investors followed. To sion of FPSO (Floating Production and

Population: ern Malaysia, where the international cater to the labor demand, the govern- Storage and Of? oading) units. In terms 5,674,472 (July 2015 est.) maritime community congregates, and ment and shipyards selected promising of new-builds, Singapore is also a niche where ideas and opportunities abound. Singaporean students and sent them to player in building customized and spe-

Life expectancy at birth:

This vibrant industry is home to more study naval architecture and engineering cialized vessels such as offshore supply

Total population: 84.68 years than 5,000 establishments ranging from abroad. Over the past three decades this and support vessels. The country is also

Country comparison to the world: 3 shipping to port related activities, em- has seen the creation of a workforce that in the forefront for ship repairs and ship ploying more than 170,000 people. In contributed signi? cantly to the develop- conversion.

GDP fact, the maritime industry contributes ment of Singaporean maritime cluster. Known for its cost competitiveness, $82,800 (2014 est.) about 7% to Singapore’s GDP. Singapore is rightly called an inter- container shipping friendly fee regime country comparison to the world: 7

In response to the government effort to national maritime center because it is and infrastructure, Singapore is consid- attract investment from abroad, the ? rst a thriving international center for ship- ered the best Seaport in Asia.

Merchant marine:

Total: 1,599

By type: bulk carrier 247, cargo 109,

Maersk Developer was built by carrier 6, chemical tanker 256, con- tainer 339, lique? ed gas 131, petro-

Keppel Offshore & Marine leum tanker 436, refrigerated cargo 13, roll on/roll off 5, vehicle carrier 57

Foreign-owned: 966 (Australia 12, Ban- gladesh 1, Belgium 1, Bermuda 25,

Brazil 9, Chile 6, China 29, Cyprus 6,

Denmark 149, France 3, Germany 32,

Greece 22, Hong Kong 46, India 21,

Indonesia 60, Italy 5, Japan 164, Ma- laysia 27, Netherlands 1, Norway 153,

Russia 2, South Africa 13, South Korea 3, Sweden 11, Switzerland 3, Taiwan 77, Thailand 33, UAE 10, UK 6, US 36)

Registered in other countries: 344 (Australia 2, Bahamas 7, Bangladesh 7, Belize 4, Cambodia 3, Cyprus 1,

France 3, Honduras 11, Hong Kong 13,

Indonesia 46, Italy 1, Kiribati 9, Liberia 22, Malaysia 13, Maldives 4, Malta 4,

Marshall Islands 30, Mongolia 3, North

Korea 1, Panama 92, Philippines 1,

Saint Kitts and Nevis 10, Saint Vincent and the Grenadines 5, Sierra Leone 9,

Thailand 1, Tuvalu 19, US 16, Vanuatu 2, unknown 5) (2010) country comparison to the world: 6

Ports and terminals:

Major seaport(s): Singapore

Container port(s) (TEUs): Singapore (31,649,400)

LNG terminal(s) (import): Singapore

Source: The World Factbook 2013-14. Washington, DC:

Central Intelligence Agency, 2013

Photo: Keppel Offshore & Marine 56 Maritime Reporter & Engineering News • DECEMBER 2015

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