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Since its founding in 1819, seaborne trade has been a key sector in Singapore. Today, Singapore is recognized as the “World’s Busiest Transhipment Hub”. With 1,000 vessels at any time in the Singapore port, 170.000 people employed in more than 5.000 maritime establishments, the maritime sector contributes about seven percent to Singapore’s gross domestic product.


This has led to the Port of Singapore being recognized as the “World’s Busiest Transhipment Hub”, and at any one time, there are about 1,000 vessels in the Singapore port.


Thus, Singapore plays a key role on the global stage as a leading Maritime Nation, and has served on the Council of the International Maritime Organization (IMO) for 12 consecutive two-year terms. Singapore’s Global Centre for Maritime Decarbonisation (GCMD) was formed on 1 August 2021 as a non-profit organisation to support decarbonisation of the maritime industry to meet or exceed the IMO’s goals for 2030 and 2050. In February 2022, the GCMD and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping formalised their collaboration by signing a Knowledge Partnership Agreement, committing to a long-term strategic collaboration to accelerate the maritime industry’s decarbonisation efforts. Through this partnership, the two centres will share best practices and knowledge, and explore opportunities for low- and zero-carbon technologies.


If you are interested in exploring more about the business opportunities within Maritime, contact our Commercial Advisor on Maritime, Kelvin Leong.

Kelvin Ting Wei Leong

Commercial advisor (Maritime)
[email protected] 
Phone: (+65) 8028 9106

LinkedIn: Kelvin Leong | LinkedIn