Fast Facts: Marine Sector

Facts and figures on the marine and shipping industry in Singapore.

A Maritime gateway to key asian markets

 

  • 5,000 establishments employing from more than 170,000 people
  • Contributes 7% to GDP
  • Home to about 130 of the world’s top shipping groups
  • Global leaders in shipping finance, shipbroking, risk management and marine insurance
  • Asia’s hub for maritime law and arbitration
  • Top global player in the offshore and marine engineering industry
  • Web of trade routes and connected to more than 600 ports in over 120 countries
  • Singapore is the busiest port in the world in terms of shipping tonnage, with some 120,000 vessel calls annually.
  • At the Pasir Panjang container terminal, super post-Panamax quay cranes have been deployed to service some of the world’s biggest vessels, such as the Emma Maersk.
  • One of the top bunkering ports in the world, lifting about 30 million tonnes of bunkers annually.
  • A wide range of essential marine services are also available, including pilotage, towage, fresh water supply, crew changes, ship supplies and slop disposal.
  • Singapore is also the world’s third-largest petrochemical refiner
  • Singapore operates the most technically advanced and efficient shipbuilding and ship-repair facilities in Southeast Asia.
  • 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.

 

Facts & figures have been compiled from various sources

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