Maritime Sector in Singapore - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4622329
  • Report
  • Region: Singapore
  • 120 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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FEATURED COMPANIES

  • AAL
  • COSCO Shipping
  • DSV
  • LHN Group
  • MSC
  • PSA International Pte Ltf
  • MORE

Singapore is one of the leading international trading hubs and recognized as a significant leader in transshipment trade. Owing to the excellent quality and services, the maritime sector in Singapore has gained traction over the past few years. Despite the decrease in the container volume of the major transshipment hubs like Hong Kong, and tough competition from neighboring ports in Malaysia, the container traffic at the Singapore ports has reached 33.7 million TEUs in 2017, which represents an increase of 8.9% when compared to 2016. The strategic geographical location of the country serves as a gateway to ASEAN countries and the rest of the world and has a connection with more than 600 ports in over 120 countries. Additionally, the world-class infrastructure and consistent Research and Development (R&D) Activities has made the Singapore’s marine Industry as the top international shipping center for the fifth consecutive year in a benchmark report published by Baltic Exchange and Xinhua. But the evolution of direct shipping routes and significant port developments in the other ASEAN countries poses a threat to the shipping industry of Singapore.

An Outlook of Maritime and Port Authority of Singapore (MPA)
The Maritime and Port Authority of Singapore (MPA) has drafted four strategies which are expected to drive the port of Singapore as a global maritime hub for innovation, connectivity, and talent. The authority in collaboration with PSA presented plans to boost its physical connectivity, which includes major investment in the port capacity and infrastructure to meet the long-term needs of the Industry. For instance, Phases 3 and 4 of the Pasir Panjang Terminals will be operational soon, which enhances the total port capacity to 50 million TEUs. Additionally, MPA plans to launch the Maritime Transformation Programme (MTP) and set up Singapore Maritime Data Hub (SG-MDH) to create a path for emerging technologies and develop innovative solutions and also fosters R & D in the maritime sector. Apart from technologies and infrastructure development, MPA continues to invest in the development of its maritime workforce. The authority set to roll out a new global talent program by 2019, which focusses on human capital development by partnering with more than 20 maritime companies.

PSA Singapore - Major Port and Terminal Operator
Being a member of Global PSA, PSA Singapore provides transshipment services in the Port of Singapore. Since 85% of the total containers arrive in Singapore gets transshipped to other ports, shipping liners prefer PSA in Container Handling and other supporting water transport services. The Port of Singapore has always played a vital role in the growth of Singapore economy. Owing to the growing demand, and the high competition from the neighboring ports, PSA continues to pour investments to upgrade the terminal infrastructure, equipment, and technology. For instance, PSA will spend about SGB3.5 billion in the best infrastructure and latest port technology. The operator will launch an automated container yard & unmanned rail-mounted gantry cranes which will be supported by intelligent systems. The major enhancements enable PPT Phases 3 and 4 to increase productivity and also stimulate environmental sustainability in port operations.

Maritime Sector in Singapore

Maritime Industry in Singapore: Key developments

  • Jul 2018: the Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their MOU on cooperation in Research and Development (R&D) and Information Exchange. The renewal aims to advance the collaboration between the two parts in port safety, port digitalization, port services & operations and handling of autonomous vessels in port.
  • Jan 2018: PSA Singapore presented advanced port technologies at an exhibition “Intelligent Port of the Future” held at Pasir Panjang Terminal Building. The featured technologies include amphibious drones, exoskeletons for port staff, automated quay cranes, and robotic arms, which were never before seen at container terminals in Singapore.

Key Players in Singapore Maritime Industry
PSA International, American President Lines (APL), NYK Line, Megayton Shipping, Unsworth Global Logistics, COSCO Shipping, DHL, Pacific International Lines (PIL), MSC, Evergreen Group, Yamato Transport, Singapore Shipping Corporation Limited, and AAL, amongst others.

Maritime Industry in Singapore - Report Summary

Study Period
(2014-2023)

Market Size in 2017
SGD 67.97 billion

Market Size in 2023
Provided in the full report

Growth Rate
Provided in the full report

Key Developments

  • Jul 2018: The MPA and Port of Rotterdam renewed their MOU
  • Jan 2018: Breakthrough port technology solutions showcacsed by PSA Singapore at the "Intelligent Port of the Future" exhibition

Companies Covered

PSA International, American President Lines (APL), NYK Line, Megayton Shipping and others

Report Offerings

Maritime Sector in Singapore offers latest trends, growth prospects, industry competitiveness, major players, segment market share and forecast to 2023.

Reasons to Purchase Singapore Maritime Industry Report

  • To study current, and future of the, market in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis of the segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Report Customization and Benefits of Maritime Industry in Singapore:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AAL
  • COSCO Shipping
  • DSV
  • LHN Group
  • MSC
  • PSA International Pte Ltf
  • MORE
1. INTRODUCTION
1.1 Scope of the Market
1.2 Market Definition
1.3 Executive Summary

2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases

3. MARITIME SECTOR IN SINGAPORE INSIGHTS
3.1 Current Market Scenario (2017-18)
3.2 Insights of Transshipment Trade
3.3 Insights on Containerized and Non-Containerized Shipments
3.4 Insights on Bunkering Services
3.5 Insights on Investments in Maritime Industry
3.6 Insights on Number of Establishments and Contribution of Maritime Sector to Total Services Sector
3.7 Government Regulations and Initiatives
3.8 Technological Trends and Automation in Ports

4. MARITIME SECTOR IN SINGAPORE DYNAMICS (DRIVERS, RESTRAINTS, AND OPPORTUNITIES)
4.1 Major Investments in the Shipping Industry and Development of Container Terminals
4.2 Adoption of Automation Solutions and IOT Technologies in the Port Industry
4.3 Evolution of Direct Shipping Routes and Developments in Neighboring Ports poses a Threat for Transshipment Hub
*List not Exhaustive

5. MARITIME SECTOR IN SINGAPORE SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)
5.1 By Services
5.1.1 Water Transport Services
5.1.2 Vessel Leasing and Rental Services
5.1.3 Cargo Handling (Container Services, Crane Services, Stevedoring Services, etc)
5.1.4 Supporting Service Activities to Water Transport (Shipping Agencies, Ship Brokering Services, Ship Management Services, etc)

6. MARITIME SECTOR IN SINGAPORE FUTURE

7. COMPETITVE LANDSCAPE
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Concentration Overview
7.3 Strategies Adopted by Major Players

8. COMPANY PROFILES (OVERVIEW, FINANCIALS**, PRODUCTS & SERVICES, RECENT DEVELOPMENTS, AND ANALYST VIEW)
8.1 PSA International Pte Ltd
8.2 American President Lines (APL)
8.3 NYK Line
8.4 Megayton Shipping
8.5 Unsworth Global Logistics
8.6 COSCO Shipping
8.7 DHL
8.8 Pacific International Lines (PIL)
8.9 MSC
8.10 Evergreen Group
8.11 Yamato Transport
8.12 DSV
8.13 CMA CGM
8.14 Singapore Shipping Corporation Limited
8.15 AAL
8.16 LHN Group
8.17 Eastern Pacific Shipping Pte Ltd
*List not Exhaustive

9. Appendix
9.1 Statistics of Singapore Registery of Ships, by Number of Ships and Gross Tonnage, 2012-17
9.2 Annual Liner Connectivity Index of Singapore and Comparision with other Countries
9.3 Historial Data on Total Cargo Throughput, by Cargo Type
9.4 Annual Statistical Data on Vessel Arrivals, by Type of Vessel, 2012-17

10. Disclaimer
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  • PSA International Pte Ltf
  • American President Lines (APL)
  • NYK Line
  • Megayton Shipping
  • Unsworth Global Logistics
  • COSCO Shipping
  • DHL
  • Pacific International Lines (PIL)
  • MSC
  • Evergreen Group
  • Yamato Transport
  • DSV
  • CMA CGM
  • Singapore Shipping Corporation Limited
  • AAL
  • LHN Group
  • Eastern Pacific Shipping Pte Ltd
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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