Ranked by the World Bank as Asia’s top logistics hub for 10 years in a rowi, Singapore offers world-class connectivity to the region and beyond. The city-state has a reputation for being a country that punches above its weight, and the facts speak for themselves.
Singapore is the world’s busiest transhipment hub that is well-connected to 600 ports in over 120 countries. It has also consistently topped the Leading Maritime Capitals of the World report.
Changi Airport Singapore is voted the best internationally for the seventh consecutive year in 2019, and serves more than 120 airlines flying to some 380 cities in about 100 countries and territories worldwide.
Singapore has an extensive network of over 23 implemented Free Trade Agreementsii to enhance its access to major markets. This encourages companies across the logistics chain to operate from Singapore, as they know they can count on frequent and reliable connections to reach global markets quickly.
Singapore’s logistics sector has one of the world’s best infrastructure and processes.
Upon completion of the Next Generation Port 2030, the Singapore port will be able to process an equivalent of 65 million standard shipping containers, making it the largest integrated facility in the world. It is exploring driverless automated guided vehicles, leveraging smart sensors to detect shipping anomalies such as piracy, and data analytics to predict traffic congestion spots.
In the aviation sector, there are plans to double the capacity of the airport. Air cargo is encouraged to use Singapore via specialised infrastructure and processes. There is the Airport Logistics Park for time-sensitive cargo and the cold-chain centres for perishables. Staff are also provided with regular training to ensure they can keep up with the new technologies and have the right skills to process different cargo types. For example, one of the airport’s cold-chain centres was the first in the world to be awarded the IATA CEIV Pharma Certification for handling.
The government has also attracted investors to Singapore by ensuring a conducive investment climate and developing the right incentives for private sector participation. Today, Singapore is a prime location for major logistics firms, with the top 25 global players conducting operations herei. These firms anchor their major logistics and supply chain operations, specialised capabilities, and innovation activities here. The result? Singapore becomes home to a vibrant and integrated ecosystem that allows logistics to thrive, and new supply chain solutions to be developed.
It comes as no surprise then that business events in these sectors have flourished in Singapore. The Singapore Airshow is one of the world’s top three international airshows. Rotorcraft Asia, the first of its kind in Asia, gathers the entire civil helicopter industry in one convenient location, catering to the growing civil, medical, rescue and parapublic aviation needs. It is co-located with Unmanned Systems Asia which focuses on the latest drone technologies and solutions in aerial, ground, surface and underwater systems.
Key events for the Maritime industry include Asia Pacific Maritime, and Asia's Premier Exhibition and Conference focusing on shipbuilding & marine, workboat and offshore. Singapore Maritime Week, with its anchor event Sea Asia, gathers the international maritime community in celebration of all things maritime while highlighting Asia’s pivotal role in the global shipping world.
iSingapore Economic Development Board website
iiMinistry of Trade and Industry Singapore website
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