Singapore has greatly transformed over the years from a humble port to a global maritime hub, and this has been the result of great vision, concerted efforts, and meticulous planning. The massive growth of Singapore’s ports has a close connection with the development and changes in the story of the island state that can be attributed to its leadership.
Singapore’s story as a global maritime hub would have been different if the decision made in 1969 to build the country’s first container terminal in Tanjong Pagar was not made. The building of the terminal dramatically shifted Singapore from being a small port to the international standard that it is today.
Singapore became the first county in the Southeast Asia region to have a container port. The port has since grown to emerge as one of the busiest and most globally connected. It has connections to more than 600 ports spread out over 120 countries across the world. The Singaporean port receives more than 130,000 ships each year.
Though the strategic geographic position of Singapore at the intersection of major trade routes has worked towards its success, its rising to the prestigious position of being a global hub port has not been by sheer chance. The astounding success can be attributed to strategic vision and leadership accompanied by the courage to take bold decisions. These factors have been instrumental in preparing Singapore for the future and making it a pacesetter, enabling it to benefit from the first-mover advantage and to remain competitive in a rapidly-changing global industry.
Businesses have benefited immensely from the Singaporean port and other world-class infrastructures that the government has established and maintained. The conducive commercial environment and other factors also enable businesses to thrive. You may consider getting a piece of the pie by setting up a business in the country and start the process by getting a visa to the city-state with the help of singapore-visa.net.
The main elements that make a port successful
For the success of any port, some key elements need to be in place. Singapore has been determined in its strategic vision for its port to see the achievement of the 3 C’s: connectivity, capacity, and competitiveness.
ConnectivityThis refers to the frequency and the variety of feeder and deep-sea connections. Connectivity is a vital element for shippers, and Singapore provides great connectivity as the main shipment hub in the region. Singapore has developed a dependable and densely-connected network thanks to its ability to anchor key shipping lines along the Europe-Asia route and creating a strong feeder linkage to smaller ports in the region. It can handle highly fragmented and widespread connections from various shipping lines and feeders.
Capacity has to do with being able to berth the vessels form various shipping lines and carry out cargo operations efficiently. It is a critical element when it comes to long-term strategic port planning as the port must have sufficient capacity to accommodate the demands of the main shipping lines and their alliance partners in large volumes. Singapore’s port has managed to offer certainty, distinguish itself, and maintain a top position due to its capacity and operational capability to be on par with shipping lines’ demands. When considered together with its competitive advantage regarding connectivity, the assurance of capacity has enabled Singapore to enter into many joint ventures with major shipping lines and earn long-term deals in Singapore.
Speaking of competitiveness, a port has to create value for the key stakeholders and improvits business proposition, for example by taking advantage of technology, for more efficient services. Those are things that sharpen the competitiveness of a port. The Singapore port is positioned as a “catch-up port,” which makes it possible to have shorter transit times and helps vessels to compensate for delays upstream. Efficiency in service delivery in a port enables shipping lines to save on costs. In a bid to achieve efficiency, Singapore port continuously invests in technology and innovations to reap from higher productivity and increase its competitiveness.
The emergence of Singapore as a global maritime hub port can be linked to the progressive leadership coupled with the courage to make bold decisions. Of course, Singapore’s geographic position is a great advantage, too. The growth of the port has been due to establishment of great connectivity, assurance of capacity to meet shipping lines’ demands, and the competitiveness of the port when it comes to delivering value to the various stakeholders, especially the shipping lines, who are the main ones.