Global Port Cities - Singapore
Table of Contents
1. Executive Summary 3
2. Introduction 3
3. History Evolution 3
4. Purpose of this Report 3
5. Methodology 3
6. Comparative Advantages 4
6.1. Location 4
6.2. Deep Waters 4
6.3. Natural Shelter 4
7. Competitive Advantages 5
7.1. Global Connectivity 5
7.2. Logistic Infrastructure 5
7.2.1. Safety 5
7.2.2. Security 5
7.2.3. Pollution Control 6
7.3. Tax 6
7.4. Registration 6
7.5. Incentives 6
7.5.1. Free Trade Zone 6
7.5.2. Approved International Shipping (AIS) Enterprise 6
7.5.3. Approved Shipping Logistic (ASL) Scheme 7
7.5.4. Maritime Finance Incentive (MFI) Scheme 7
7.5.5. Singapore’s Maritime Cluster Fund (MCF) 7
7.5.6. GST-Free 7
8. Operational Challenges 7
8.1. Land Limitation 7
9. Business Strategies 8
9.1. Transhipment 8
9.2. Refine and Re-export 8
9.3. Technology Advancement 9
10. Future Business Prospect 9
11. Conclusion & Recommendation 9
12. References 10 1. Executive Summary
This reports studies on how Singapore stays ahead of its competitor by looking at it comparative and competitive advantages; and business strategies employed while overcoming its operational challenges. The research information are collected, analysis and compiled to get a clearer picture of Singapore the global port city.
2. Introduction
Singapore, a small country with little land to spare, is yet able to compete with the world global import and export trade. It is one of the world busiest ports second to Shanghai (Splatty, 2012). Its terminals are managed by 2 commercial port operators: PSA and Jurong Port (Maritime and Port Authority of Singapore, 2009).
3. Historical Evolution
In 1819, Singapore was founded by Stamford Raffles and was transformed into a trading network with port facilities to service trades between Europe and East Asia as a free port (Shauna, 2008). The arrival of steamships together with the opening of Suez Canal around mid-1860s, Singapore became the major port of call for ships travelling between Europe
1. Executive Summary 3
2. Introduction 3
3. History Evolution 3
4. Purpose of this Report 3
5. Methodology 3
6. Comparative Advantages 4
6.1. Location 4
6.2. Deep Waters 4
6.3. Natural Shelter 4
7. Competitive Advantages 5
7.1. Global Connectivity 5
7.2. Logistic Infrastructure 5
7.2.1. Safety 5
7.2.2. Security 5
7.2.3. Pollution Control 6
7.3. Tax 6
7.4. Registration 6
7.5. Incentives 6
7.5.1. Free Trade Zone 6
7.5.2. Approved International Shipping (AIS) Enterprise 6
7.5.3. Approved Shipping Logistic (ASL) Scheme 7
7.5.4. Maritime Finance Incentive (MFI) Scheme 7
7.5.5. Singapore’s Maritime Cluster Fund (MCF) 7
7.5.6. GST-Free 7
8. Operational Challenges 7
8.1. Land Limitation 7
9. Business Strategies 8
9.1. Transhipment 8
9.2. Refine and Re-export 8
9.3. Technology Advancement 9
10. Future Business Prospect 9
11. Conclusion & Recommendation 9
12. References 10 1. Executive Summary
This reports studies on how Singapore stays ahead of its competitor by looking at it comparative and competitive advantages; and business strategies employed while overcoming its operational challenges. The research information are collected, analysis and compiled to get a clearer picture of Singapore the global port city.
2. Introduction
Singapore, a small country with little land to spare, is yet able to compete with the world global import and export trade. It is one of the world busiest ports second to Shanghai (Splatty, 2012). Its terminals are managed by 2 commercial port operators: PSA and Jurong Port (Maritime and Port Authority of Singapore, 2009).
3. Historical Evolution
In 1819, Singapore was founded by Stamford Raffles and was transformed into a trading network with port facilities to service trades between Europe and East Asia as a free port (Shauna, 2008). The arrival of steamships together with the opening of Suez Canal around mid-1860s, Singapore became the major port of call for ships travelling between Europe
References: CULLINANE, K., YIM YAP, W. & LAM, J. S. L. 2006. Chapter 13 The Port of Singapore and its Governance Structure. Research in Transportation Economics, 17, 285-310. HUSSAIN, A. 2013. Paya Lebar Airbase will move to Changi; new port hub at Tuas: PM Lee. Today, 18 Aug 2013. KAN, L. 2013. S 'pore-Shanghai team wins US$1m 'future container port ' challenge. asiaone, 14 Apr 2013. MARITIME AND PORT AUTHORITY OF SINGAPORE. 2009. Maritime and Port Authority of Singapore [Online]. Available: http://www.mpa.gov.sg/ [Accessed 14 Aug 2013]. MCKINNON, A. 2011. HONG KONG AND SINGAPORE PORTS: Challenges, Opportunities and Global Competitiveness. Available: http://www.cityu.edu.hk/slw/HKCMT/Doc/Working_Paper_1_-_Singapore_-_Final_(v12).pdf [Accessed 14 Aug 2014]. PSA. 2010. PSA Singapore [Online]. Singapore: PSA. Available: http://www.singaporepsa.com/transhipment.php [Accessed 14 Aug 2013]. SHAUNA, L. K. X. 2008. A Singapore History Proposal: A Tale of Connections [Online]. Available: http://citizenhistorian.com/2008/02/02/a-singapore-history-proposal-a-tale-of-connections/ [Accessed 14 Aug 2013]. SINGAPORE EXPATS. 2013. Brief History of Singapore [Online]. Available: http://www.singaporeexpats.com/about-singapore/brief-history.htm [Accessed 14 Aug 2013]. SPLATTY. 2012. Shanghai Overtakes Singapore as World’s Busiest Container Port. Third Party Logistics News, 8 Jan 2011. TAY, E. 2012. PSA INVESTS IN AUTOMATION TECHNOLOGIES. PSA SINGAPORE TERMINALS, 16 Jul 2012. THE WORLD BANK. 2013. Paying Taxes [Online]. Available: http://www.doingbusiness.org/data/exploretopics/paying-taxes [Accessed 14 Aug 2013]. WORLD PORT SOURCE. 2013. Port of Singapore [Online]. Available: http://www.worldportsource.com/ports/commerce/SGP_Port_of_Singapore_244.php [Accessed 14 Aug 2013]. XINMSN. 2013. 48 reasons we love Singapore [Online]. [Accessed 14 Aug 2013].