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Singapore as a Global Logistics Hub

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Presentation on theme: "Singapore as a Global Logistics Hub"— Presentation transcript:

1 Singapore as a Global Logistics Hub
Presented by BG Tay Lim Heng, Chief Executive, Maritime and Port Authority of Singapore 25 November 2008 International Ports Seminar, Brasilia, Brazil

2 Global Connectivity Singapore

3 Overview of Logistics in Singapore
Singapore’s Economy Port Infrastructure Good Connectivity Logistics Efficient Customs

4 Singapore’s Logistics Sector
Significant contributor to economy 9.4% of GDP 180,000 workers; 9,200 establishments Key enabler of mfg & trading sectors Innovative, effective supply chain solutions to serve global markets World’s largest port 200 shipping lines to more than 600 ports in 123 countries Asia’s 5th largest cargo airport >4,300 flights/week to 190 cities in 50 countries 21 of the world’s top 25 3PLs

5 Maritime Logistics in Singapore
Maritime Logistics Sector Education & Training Infrastructure Technology

6 Building Infrastructure
Expansion and Upgrading of Pasir Panjang Terminal: Phase 3 and 4 => additional 14 mil TEUs Increase in total handling capacity from 32.1 million to 50.3 million TEUs One-stop solutions e.g. 80 ha Chemical Logistics Hub, Fresh Hub and Air Cargo Express Hub

7 Developing Technology
Development of WIreless-broadband-access for SEaPORT (WISEPORT) Facilitates ship-to-shore communication + speeds up transactions TradeXchange One-stop online portal for all trade-related transactions with regulatory authorities Radio Frequency Identification (RFID)

8 Developing Manpower Resources
Maritime Cluster Fund (MCF) Promotes manpower development 760 companies trained > 3,000 employees in maritime education & training programmes Collaborations with Singapore Maritime Academy, Logistics Institute of Asia Pacific (TLI-AP) => Research and tertiary education

9 Key Challenges Higher standard for excellence
Increasing number of competitors e.g. China, India, ASEAN countries Constraints in land capacity and manpower resources Shanghai, Hong Kong, Shenzhen China Mumbai, Jawaharlal Nehru, Chennai India ASEAN Port Klang, Tanjung Pelepas, Laem Chabang, Tanjung Priok

10 Looking Forward Singapore as an international maritime centre, full suite of maritime services; > 100 international shipping groups conducting variety of business activities PORT Petro-chemicals Importers Other Transport/Freight Forwarding Storage & Warehousing Cargo / Passenger Terminals MARINE & OFFSHORE Ship Chandlers SHIPPING Ship Bunkering Inland Water Transport Ship Management Insurance, Reinsurance & P&I Wholesale/Retail Of Marine Equipment / Accessories Ship Agency Maritime Legal Ship Broking & Chartering Services Maritime Related Finance Offshore Government Agencies Education and Training Shipping Lines / Ship Owners Maritime Related R&D / IT Shipbuilding & Repair Exploration Shippers Maritime Logistics & Supporting Services Labour Suppliers Cruises Other Logistics Services Class Societies & Marine Surveying Material Suppliers SERVICES

11 Looking Forward Need to deepen integrated logistics capabilities e.g. chemicals and pharmaceutical sectors Development of next generation of supply chain solutions e.g. FA optimizaion A global supply chain perspective

12 Looking Forward Supply Chain Security
IMO’s ISPS Code WCO’s SAFE Framework of Standards US’s Container Security Initiative Singapore Customs’ Secure Trade Partnership To ensure Singapore is a secure node in global supply chain Mutual Recognition Agreements as part of international network of secure supply chains

13 Conclusion Many challenges ahead Global Financial Crisis
Changes in international trade dynamics Need to be nimble and react quickly to stay viable Possible review of existing structures and operations Opportunities to learn and collaborate

14 The End The End

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