Contact Us
Sign In / Sign Up for FREE
Go to advanced search...
Nobody downloaded yet

Why Is It Necessary or Vital for a Country Like Singapore to be a Maritime Hub - Essay Example

Comments (0) Cite this document
This essay explains why it is necessary or vital for a country like Singapore to be a maritime hub. It also covers the role of  importers and exporters, shipping lines, logistics and transport providers, port terminal services as well as government service agencies in promoting maritime hubs in Singapore…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
Why Is It Necessary or Vital for a Country Like Singapore to be a Maritime Hub
Read TextPreview

Extract of sample "Why Is It Necessary or Vital for a Country Like Singapore to be a Maritime Hub"

Download file to see previous pages Singapore is categorized as a connector hub within the East Asian or Southeast Asian area, with a prominent number of relations to metropolis in other regions. “Singapore’s position as an International Maritime Centre (IMC) is built upon its status as a global maritime hub” (Leading International Maritime Centre 2009). It is the plan of the “Maritime and Port Authority of Singapore (MPA)” (Leading International Maritime Centre 2009) to make a central group of operators and maritime services suppliers in order to put up business in Singapore. The country’s reward as a global hub to financier and the business community has been accepted by government and various other higher authorities. So as to carry varied business desires of activities within the broad series of maritime sectors, the government has formed a pro-business environment, which would encourage in incorporating and growing businesses. The country is continuously re-inventing itself as a hub. In Singapore, a maritime hub provides the chance to develop strengths in new areas that operate outside the realm of the conventional role a port plays. It contains ship insurance, ship financing and a variety of auxiliary events that the shipping industry depends on. This diversification will grant the country with better flexibility to accept uncertainties and fast variations in the maritime industry.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Why Is It Necessary or Vital for a Country Like Singapore to be a Mari Essay - 2, n.d.)
Why Is It Necessary or Vital for a Country Like Singapore to be a Mari Essay - 2.
(Why Is It Necessary or Vital for a Country Like Singapore to Be a Mari Essay - 2)
Why Is It Necessary or Vital for a Country Like Singapore to Be a Mari Essay - 2.
“Why Is It Necessary or Vital for a Country Like Singapore to Be a Mari Essay - 2”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Why Is It Necessary or Vital for a Country Like Singapore to be a Maritime Hub

Maritime Operations

(The ISM code, 2010) (ii) It should ensure a safe working place is maintained on board ship. (iii) Identify areas where accidents can occur on board ship and provide measures for rectification.( The ISM code, 2010) (iv) Upgrade the ability of persons on board to react immediately in case of emergency per safety manuals. (v) The safety manuals and codes have been developed after years of research and feedback generated by shipping personnel over years of experience in facing different distress situations. Hence the crew should always be encouraged to follow the safety instructions and treat the code as a valuable piece of guidance. (The ISM Code, 2007) Therefore it is quite clear from the objectives that the human element is quite...
7 Pages(1750 words)Essay

Country analysis ( Singapore)

...? Country Analysis (Singapore) Singapore can be categorized as a hi-tech, wealthy located in South-East Asia. Singapore possesses the reputation for the conservatism depicted by its leaders and its strict social controls. Singapore comprises of the main island linked by a causeway as well as a bridge to the southern tip of Malaysia, and around fifty smaller islands. Singapore has grown astronomically to become one of the world’s most affluent places, characterized by glittering skyscrapers and a thriving port. Nevertheless, the country is criticized for running a system that churns out punishments for acts perceived to be anti-social; however, the country’s use of capital punishment that is applied mainly for drug trafficking offences...
5 Pages(1250 words)Research Paper

Maritime law

The law of maritime claims has been promoted along different routes in civil law administration. Vessels are recognised as objects of security rights in all nations. Despite this and the fact that maritime claims are of profound commercial significance, there is a high degree of international uncertainty in the subject of maritime claims and mortgages. There is a great difference among nations in the way they create and enforce maritime claims. It is for this reason that a standard list of maritime claims and an agreeable way of enforcing them was drafted by Comire Maritime International and adopted by the Brussels Diplomatic Conference. In 1926 in Brussels, the initial efforts were made to unify particular rules regarding maritim...
7 Pages(1750 words)Essay


At the end of that period, the economy expound by 7.7%, reducing the level of unemployment to 2.1% and the level of employment being 235,000 (World Trade Organization, 2008, p. 112). The level of inflation, on the other hand, reduced from 4.9% to 3.5% this year. Singapore is one of the richest nations in the world. This has been facilitated by the removal of trade barriers, letting over 99% of the rest of the world to visit the country for trade without imposing a tax on them. This means that it is easy to import and export goods from and to other countries of the world and shows how open the country is. The currency used in Singapore is the Singapore dollar denoted as SD. It is almost equivalent to the US dollar with the exchang...
6 Pages(1500 words)Research Paper

Global Digital Hub

... are pushing the economic growth and development of the entire city and one example towards achieving their goals is their involvement in the advance information and communication technology system programs such as the Tshwane Global Digital Hub program. The city is envisioned to be the destination of communication and information technology-based business. However, the City of Tshwane recently has encountered series of disruptions in water and sanitation, other essential services like electricity (, 2009) Clr Subesh Pillay, responsible for Public Works and Infrastructure Development and a member of the Mayoral Committee expressed that the said problem is due to intimidation of some labor on strike. According to the Council...
1 Pages(250 words)Essay


... busiest hub for transshipment traffic. She is also the world's biggest bunkering hub with 23.6 million tons of bunkers sold in 2004 (Singapore). Figure 3 The Central Area is the central business district (Singapore). Singapore gets its power supply from thermoelectric plants, and water is supplied by a number of reservoirs. Singapore has a fine rapid transit system, good roads, and a railroad that crosses the island, and a causeway-carrying road and rail traffic to the mainland. Singapore's workforce is employed chiefly in manufacturing, in the service industries, and in commerce, with an insignificant proportion engaged in agriculture. The country has become a main center of international finance in recent years (Economy...
11 Pages(2750 words)Essay

Maritime Transportation in the Economic Development of the Country

... in natural ecosystems. It has been noted that there has been rapid progress in trade among the Association of Southeast Asian Nations (ASEAN) countries which are economically in sound positions. Singapore, Malaysia, Indonesia and Thailand enjoy the biggest trade flows in terms of maritime trade. Cooperative exchange of goods and services takes place between Singapore and Malaysia and is considered as the most crucial flow of trade amongst the ASEAN associates. One of the most vital shares of inter-ASEAN trade is containerized cargoes. The maritime trade in such ASEAN countries comprises of ‘consumption goods’ as well as ‘intermediate goods’ and includes semi finished products and parts. The dominant position of Singapore depends upon...
6 Pages(1500 words)Assignment

Economics of Development: Country Singapore

... Number Country Introduction A lot of many and major transformations were recorded in Singapore between the period 1950 and 1970. Much of these transformations had a lot to do with the development of trade and manufacturing. This is without forgetting the financial sector where the intention was to come up with a financial hub that could be used in economic development. Looking at the case of Singapore, we would say that it is a productive economy with a very high market competition. This observation has been further clarified by the Swiss International Institute for Management Development, going with their report that they released in the year 2001 (Chellaraj & Mattoo, 2009). In this study, I intend to evaluate the case of political...
5 Pages(1250 words)Research Paper

Economics of Development: Country Singapore part 3

It ranges from the traditional economy based on subsistence food production; development in any economy requires a dramatic mobilization of energy resources, an upgrading of rural agriculture and increased investment in the transport industry, education and human capital (Tremewan, 1994). The greatest problem in any economy is how to get started, making the required changes from the low levels of subsistence, and low savings to an economy that is generating surplus that can be invested and be devoted into the building of human capital and infrastructure. This has been witnessed in Singapore as it has been able to come up with the best strategies to use its resources to develop and generate surplus capital to invest in its developm...
6 Pages(1500 words)Research Paper

Car Hub Assembly

... support and load bearing roles in a vehicle. Other causes of damage to the wheel hub include overloading the vehicle and speeding maneuvers. Some indicators to a damaged wheel hub assembly include grinding noise from the wheels and steering wander. Wheel hub assembly should be replaced when the driver notices that the bearings are damaged to avoid accidents and uncomfortable driving. The advantage of hub bearing over using bearings alone is the ease of replacing the hub bearing. Replacing the wheel hub assembly can be done at home with the necessary tools. The car owner can also visit an auto shop to have the replacement done. The rate of wear of the wheel hub assembly depends on the purpose of the vehicle, the road used and the location...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Why Is It Necessary or Vital for a Country Like Singapore to be a Maritime Hub for FREE!

Contact Us