Singapore Port – The Background
Singapore has been viewed as one of the top maritime shipping hubs globally. In 1969 a decision was made to build Singapore’s first container terminal. Singapore being the first country in Southeast Asia with a container port, has since grown to become one of the busiest and most connected ports in the world.
Links in Singapore stretch to over 600 ports across 120 countries around the globe. On average more than 130,000 ships call annually.
Vision from those who built the port made this dream become reality, seeing the high potential of Singapore’s geographical location which is situated at crossroads of important trade lines. Singapore is now thriving in a dynamic global industry.
Singapore Port – The Success
To ensure the port was a success a number of factors needed to be considered. Connectivity, Capacity and Competitiveness.
Connectivity is key for anyone shipping, Singapore offers this especially as it is the primary transshipment hub in the region of SE Asia. Singapore has been able to anchor key shipping lines and alliances that go along the same main shipping route connecting Asia to Europe. Singapore has also built up a reliable and densely connected network with the ability to hit most global ports from its location.
Capacity was at the forefront of the planner’s mind when constructing Singapore’s maritime industry. Adequate capacity is required in order to meet the demands of key shipping lines. Vessels need to be able to dock and cargo operations conducted efficiently. Scale and available space to grow the port are essential for retaining Singapore’s edge in strength. Capacity and operational capability to keep pace with shipping lines demands provides certainty and distinguishes Singapore’s port by ensuring long term commitments by various shipping companies.
Competitiveness is a word used in all business capacity, being competitive keeps you in the game on every level of business. Without competitiveness your business can suffer immensely. Singapore’s value proposition offers shorter transit times and enables vessels to make up for delays. Delivering an efficient service in an optimum manner helps shipping lines reduce costs. With continuous investment in technology and innovation has been able to improve productivity and ultimately enhance Singapore’s competitiveness.
Singapore Port – TCB Group
Based on the clear advantages in this maritime shipping hub investing in a space in Singapore was beneficial for our customer base when exporting from Asia. This has opened up a new level in the freight forwarding business for TCB Group and the services we can offer our clients and agents.
Through our Singapore warehouse and shipping hub, TCB Group offers the full range of logistics services, including; freight forwarding, freight consolidation and warehousing services including order replacement, pick and pack, remote inventory management, cargo handling and customs transportation. Exporting from China or SE Asia? Contact us today for more information on how utilizing Singapore can be of benefit to your business!