Leading International Maritime Centre

The development of Singapore as an International Maritime Centre (IMC) is centred on its vision to be the Global Maritime Hub for Connectivity, Innovation and Talent.

Singapore is not only a vibrant marketplace comprising international shipping groups, commodity traders, logistics players and maritime service providers, it is also a key gateway to access business opportunities in the Asia-Pacific region. Its dynamic and pro-business environment is complemented by a transparent and well-respected legal system, political and economic stability, a highly-skilled and culturally-adaptive workforce, and a high quality of life. 

Currently, Singapore’s maritime ecosystem comprises over 5,000 establishments employing more than 170,000 people. It contributes about seven per cent to the Republic’s gross domestic product.  

Home to over 140 of the world’s top international shipping groups and a diverse range of maritime service providers, Singapore is a comprehensive hub for shipping and maritime services such as shipmanagement, agency, finance, insurance, broking, and surveying. This is complemented by the presence of international maritime-related organisations and associations, such as the Baltic Exchange, Asian Shipowner’s Forum, International Bunker Industry Association, International Association of Independent Tanker Owners and Baltic and International Maritime Council, here.  It is fast becoming Asia’s hub for maritime law and arbitration, and is a key centre for offshore and marine engineering activities.

In order to tackle challenges and leverage opportunities presented by a fast-changing environment, MPA formed a high-level IMC 2030 Advisory Committee in August 2016 to undertake a strategic review and chart a development strategy to take Singapore’s IMC to 2030 and beyond. The recommendations by the Committee to develop Singapore to be the Global Maritime Hub for Innovation, Connectivity and Talent may be found here.