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Revised industry map for shipping sector targets $2 billion growth and 1,000 new jobs

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Revised industry map for shipping sector aims for $2 billion growth and 1,000 new jobs

SINGAPORE - A revised road map to 2025 for Singapore's shipping sector wants to grow the industry by $2 billion and create 1,000 new jobs, cementing the country's reputation as a"catch-up" port acquired during the global port congestions amid the Covid-19 pandemic.which was launched in 2018, had a target of $4.5 billion growth and 5,000 new jobs by 2025.

But supply chains are becoming more flexible and regional, and the sector must continue to adapt, he added. Mr Iswaran said Singapore will join the Clydebank Declaration for Green Shipping Corridors with 22 other signatory states, which was launched by Britain last year to set up green shipping corridors between ports for zero-emission vessel voyages.

 

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