Singapore retained its position as the world's most important shipping hub on the Xinhua-Baltic International Shipping Centre Development (ISCD) Index.
The Singapore port is unanimously regarded to be the busiest port in the world. While generalising, it is referred to as the Singaporean port, it is in fact a collection of all porting and harbouring amenities offered by the nation to all international and national vessels in transit.
From the Middle East to Siberia, the North Sea down to Latin America, the prices of physical cargoes of crude oil are rallying hard almost everywhere, underpinning a surge in headline futures markets. Now, though, attention is turning toward just how sustainable the recovery will really be.
How has the logistics industry in Singapore has evolved over the years? What is being done to help Singapore maintain its position as one of the region’s leaders in the logistics sector?