Overview
Singapore retains global position as most industrious bunkering and trans-shipment port
The maritime industry of Singapore is a key growth engine of the economy and contributes to 7% (last reported figure in 2017) of its GDP. The port of Singapore was established in as early as the 1800s and is a continuous boon to its economy, with over 600 connections in 120 countries. Having built a strong reputation in the industry, Singapore boasts of being an international maritime center (IMC) where ships assemble and function as a service hub for trading, shipping and logistics.
The port of Singapore ranks as the second busiest in the world due to its strategic geographical location on the Strait of Malacca and its competent decision to be a pioneer in building the first container port in Southeast Asia. In 2020, it was recognized as the leading bunkering port and maintained its leading position in 2021 as well, recording bunker sales volumes of 50.04 million tonnes.
Heavily regulated industry given position as international maritime center
Singapore's port and maritime development falls under the responsibility of the Maritime and Port Authority (MPA) of Singapore. The MPA serves multiple functions, and handles the role of being the Port Authority, Port Planner, Port Regulator, an advocate of the International Maritime Centre (IMC), as well as serves as a National Maritime Representative.
The Port Operations Control Centre of the MPA monitors vessels transiting the Singapore Strait, through a sophisticated Vessel Traffic Information System (VTIS), which has the capacity of administrating approximately 10,000 tracks at a given point. Similarly, the Singapore Shipping Association (SSA) is a state trading association inaugurated to serve and boost the operations of its members while promoting the country’s competitiveness as an IMC. It serves as a credible advisor and partner in the local and global shipping industry, and unites with maritime stakeholders to preserve the marine environment while advocating freedom and welfare at sea.
Singapore maritime sector a strong employment provider to economy
The industry provides employment for over 170,000 people. It comprises more than 5,000 companies consisting of both local and international origin that operate in a fragmented market. Further, a blueprint known as the Sea Transport Industry Transformation Map (ITM) has been created by the MPA with the collaboration of industry experts and the labor movement. The plan intends to expand the industry by SGD 4.5 billion and will create over 5,000 jobs by 2025.
Key Trends
‘Resilience’, ‘Decarbonization’, ‘Digitalization’ and ‘Talent’ key areas of focus to transform Singapore maritime sector
Decarbonization initiatives in the industry are underway through the NextGEN project. ‘GEN’ represents ‘green and efficient navigation’. This project is a collaboration between the International Maritime Organization (IMO) and the Government of Singapore to promote data sharing on diverse decarbonization methods towards the global shipping community and its value chain.
It aspires to achieve this by summoning both stakeholders of the international maritime industry and its value chain, who share a common interest in reducing greenhouse gases and confronting climate change. This enables the opportunity to identify scope for collaboration and any underlying gaps in the industry towards a sustainable future.
Building resilience in the global supply chain is another initiative taken towards the advancement of the maritime industry. For instance, the shipment of goods can be facilitated by teaming up with relevant stakeholders to build a lean and efficient system at the port by employing methods such as e-bills of lading, just-in-time services and e-bunkering. However, this will require unrestricted data exchange and congruence to exist between the regulatory systems and the supply chain.
Further, digitalization and innovation in SMEs is being encouraged by the MPA through the development of a maritime digitalization playbook to enhance productivity and grasp growth opportunities. Adopting technology such as IoT, AI, 5G, additive manufacturing and remote operations helps enhance the competitive edge of the industry, and enables it to achieve the status of being a renowned marine-tech hub.
Moreover, talent is being encouraged through the creation of educational opportunities. The MPA together with Workforce Singapore (WSG) have created a Career Conversion Program for 300 maritime workers, to strengthen digital and technical skills. The program hopes to fill gaps in cross-disciplinary skills in areas such as automation, data analytics and robotics that may occur as the sector undergoes transformation. Likewise in 2020, a memorandum of understanding (MOU) was signed between the MPA and China’s Shanghai Maritime University (SMU), supporting talent and academic exchange between the two countries in the maritime sector.
Tuas mega port expansion to be completed in 2040 set to be world’s largest fully-automated container terminal
The Tuas Port will have the capacity to handle approximately 65 million Twenty Foot Equivalent Units (TEUs) per annum, which will be 10 million more than the combined current maximum. The port operations of the existing terminals will be consolidated to the new location when their leases expire by 2027. The benefit of the Tuas Port will be the single consolidated area for all the container operations, which will in turn reduce inter-terminal haulage activities and reduce green-house gas emissions.
Maritime sector portrayed resilience in 2020 despite economy contracting by 5.8%; investments continue
The industry showed a sharp decline as the pandemic hit in early-2020. However the second half of the year witnessed a recovery in sea trade volumes. Further, the MPA reported that Singapore recorded marine fuel sales amounting to 49.8 million metric tonnes, which was a 5% YoY increase. The nation also secured its position as the world's largest bunkering port in 2020 despite the pandemic, demonstrating its resilience amidst difficult economic conditions.
The SSA played a significant role in stimulating the industry during the global pandemic by taking initiatives to increase resilience. Two key initiatives introduced were SG-STAR Fund, which offered practical solutions towards the mitigation of the crew change crisis, and a vaccination program of non-resident sea crew called SeaVax.
Singapore intends to make continued long-term investments towards the transformation of the port and to secure its position as the world’s leading transhipment hub. R-u0026D on the automation of manual processes is funded to boost the efficiency and productivity of the port. Further, in January 2021, government organisations joined with industry stakeholders to launch a state-of-the-art intermodal express cargo solution between Batam, Indonesia, and Singapore.
High-value and time-sensitive cargo such as electronic components are manufactured in Batam, and first transported by sea to the Singapore port, before being trucked to the airport to be flown to other countries. With the whole process taking place within just one day, the solution benefits manufacturers and logistics companies in Batam and Singapore by enabling a quicker, more efficient and cost-effective distribution of cargo. It also enables Singapore-based companies to leverage on cost efficiencies through extended production bases in Batam.
Furthermore, the government is persevering towards building other novel solutions that will help retain the position as the leading logistics hub through its establishment of world-class infrastructure and strengthening of Free Trade Agreements (FTA) with other countries.
Key Statistics
- The container throughput in 2021 was 37.47 million TEU, in comparison to 36.87 million TEU in 2020, recording a 1.6% YoY increase
- The total cargo handled amounted to 599.05 million tonnes in 2021 and 590.73 million tonnes in 2020 - a YoY increase of 1.4%
- The revenue generated from the MPA was SGD 238.77 million in 2020, a 19.2% decrease from 2019 (SGD 295.46)
- Vessel arrivals as of 2021 were 2.81 billion gross tonnage (GT) and 2.90 billion GT in 2020 - a decline of 3.1%
- Bunker sales volume was 50 million tonnes in 2021 and 49.8 million tonnes in 2020, an increase of 0.4%
- The fleet under the national flag for 2020 amounted to 3,387 ships
- An average of 130,000 vessels entered the port in a given year
Top Singapore MNCs in Maritime Sector
CMA CGM -u0026 ANL (SINGAPORE) PTE LTD
Established in 2000, CMA CGM -u0026 ANL (Singapore) Pte. Ltd. is a subsidiary of the CMA CGM Group, which is a multinational transport, shipping, and logistics company committed to energy transformation. It provides general cargo (dry containers) and project cargo containers of all sizes, as well as a comprehensive door-to-door service throughout Australia, Asia, New Zealand, North America, the Indian Subcontinent, Europe, the Middle East/Gulf Mediterranean, and the Pacific Islands.
MAERSK SINGAPORE PTE. LTD.
Maersk Singapore Pte. Ltd. is a container logistics firm that is part of the A.P. Moller Group. Founded in 1929, it is a shipping company that connects Singapore's enterprises to vital markets across the world using a comprehensive road and rail network. Maersk Singapore’s areas of focus include vessel optimization to reach high standards in terms of energy usage, environmental performance, and safety. It deals in a diverse set of existing technologies as well as the development of new ones in disciplines such as naval architecture, mechanical and electrical engineering, paint, oil and chemicals, hydrodynamics, and vessel performance.
ULTRABULK SHIPHOLDING (SINGAPORE) PTE. LTD.
Ultrabulk Shipholding (Singapore) Pte. Ltd. was established in 2004. It is a subsidiary of Ultranav, a privately held shipping firm, which is headquartered in Denmark. It is a company that operates dry bulk which serves its customers' ocean transportation needs in the Panamax, Supramax, Handysize, MPP, and specialized parcelling services. Ultrabulk operates in five regions through eleven business units, including oil and gas, dry bulk, coastal trading, and towage and offshore. It also ships gas and chemical carriers, crude oil and clean petroleum product tankers, bulk carriers, feeder container ships, multipurpose vessels, harbour tugs, PSVs, AHTS, pusher tugs, barges, and pilot boats. Ultrabulk has offices in 15 countries.
GOLDEN OCEAN SHIPPING CO PTE. LTD.
Golden Ocean Shipping Co., Pte. Ltd., incorporated in 1996, is a renowned worldwide dry bulk shipping company that is headquartered in Bermuda. Golden Ocean operates primarily in the Capesize, Panamax, and Supramax segments, and is traded on the NASDAQ and the Oslo Stock Exchange. It provides flexible transportation services to consumers while also building strong industry relationships with partners and customers. Along the global shipping routes, the vessels transport a diverse range of major and minor bulk commodities such as ores, coal, grains, and fertilizers. Golden Ocean has a completely integrated commercial management structure in charge of all boats and contracts. All owned boats' technical operations and crewing are outsourced to a few large ship management companies.
WAN HAI LINES (SINGAPORE) PTE LTD
Wan Hai Lines Pte. Ltd. commenced operations as a log transportation company in Taiwan, Japan, and Southeast Asia in 1965. It converted itself into a full-container vessel shipping firm in 1976, in response to the rapid rise of international trade in the Asia Pacific and other international markets. Wan Hai offers full-container vessel freight with frequent itineraries. Its network comprises subsidiaries and agents in every major city and port in Asia. Wan Hai is continually exploring new routes and calling ports, building vessels and replacing obsolete containers and terminal equipment to maintain its operating performance.
RCL FEEDER PTE LTD
Regional Container Lines Feeder (RCL) was incorporated in 1979 as a Common Feeder Operator. RCL continues to expand its feeder services and container liner business in Asia by offering high-quality container shipping services with fixed-day sailings, quick transit, the deployment of contemporary and high-spec container ships, and customer service information technology. RCL Shipmanagement, a subsidiary of RCL, provides strict manning and maintenance requirements for the entire RCL fleet. It serves 69 locations in Asia, the Indian subcontinent, and the Middle East.
COSCO SHIPPING (SOUTH EAST ASIA) PTE. LTD.
COSCO SHIPPING (South East Asia) is a subsidiary of COSCO SHIPPING Holdings Co., Ltd., which is based in Shanghai. The company is primarily engaged in domestic and international maritime container transport services. It offers end-to-end logistics and supply chain products and services in close collaboration with the shipping and port sector clusters. These include container shipping, dry bulk shipping, oil tanker shipping, specialized cargo shipping, and passenger liner transportation. COSCO SHIPPING has a presence in Europe, North America, Southeast Asia, West Asia, South America, Australia, Japan, Korea, and Africa.
YANG MING (SINGAPORE) PTE. LTD.
Repeated company as per the client
EVERGREEN MARINE (SINGAPORE) PTE. LTD.
Evergreen Marine (Singapore) Pte. Ltd. is a container shipping firm established in 2008. It offers supplementary services in shipping, international commerce, and logistics, enabling the Evergreen Line brand to strengthen its commitment to providing a better range of services to its clients and their markets.The company is in charge of creating new markets where ships dock in Singapore and neighbouring nations. Evergreen Marine Corp. (Taiwan), Italia Marittima S.p.A., Evergreen Marine (UK), Evergreen Marine (Hong Kong), and Evergreen Marine (Asia) are all Evergreen Group shipping firms and offer their global container services under the brand name Evergreen Line.
MEDITERRANEAN SHIPPING COMPANY SOUTH EAST ASIA (SINGAPORE) PTE LTD
Mediterranean Shipping Company, South East Asia (MSC) Pte. Ltd. was incorporated in 2000. It is a member of the MSC Group which was founded in Geneva in 1970. The company has expanded and diversified to include a cruise line and passenger ferry services, as well as industry-leading inland and port terminal infrastructure. MSC provides customers with door-to-door and global services, with a maritime freight offering supplemented by its integrated warehouse and haulage services. It has local offices in 155 countries, enabling it to promote international trade between major economies and emerging markets on all continents, serving local communities, customers, and international business partners. Overland transportation, logistics, and a growing portfolio of port terminal investments are among its offerings.
Top Singapore Large Local Enterprises in Maritime Sector
PACIFIC RADIANCE LTD.
Repeated company as per the client
VIKING OFFSHORE AND MARINE LIMITED
Repeated company as per the client
AET TANKERS PTE. LTD.
AET Tankers Pte. Ltd. is a firm that provides energy logistics solutions. AET was founded in 1985 and is based in Singapore, with offices in Malaysia, the United States of America, the United Kingdom, Brazil, Norway, and Uruguay. It provides oil majors, refineries, and trading houses with safe, high-quality, and comprehensive maritime transportation and specialized petroleum services. In addition to traditional energy transportation services, it operates ship-to-ship lightering services in the US Gulf and Latin America.As a leading global provider of innovative energy shipping solutions, AET safely supplies services to global energy majors, refiners, and traders.
PACIFIC INTERNATIONAL LINES (PRIVATE) LIMITED
Repeated company as per the client
AUSTRAL ASIA LINE PTE. LTD.
Austral Asia Line Pte. Ltd. - established in 1995 in the Netherlands and headquartered in Singapore since 2009 - is a shipping operator with 25 years of experience in the project-heavy lift, breakbulk, and dry bulk sectors. It provides a complete multifunctional shipping solution comprising three separate service models: Chartering Solutions, Liner Services, and Fixed Trade Route Services. Austral Asia Line won the Shipping Line of the Year in 2019, and Best Project Cargo Shipping 2020 at the AFLAS Awards. Austral Asia Line’s global network of offices extends from Asia and Oceania to the Middle East, Europe, Africa, and the Americas.
GRINDROD SHIPPING HOLDINGS LTD.
Grindrod Shipping Holdings Ltd. is a South African company, which was incorporated in 1910. The company is headquartered in Singapore, with offices in London, Durban, Cape Town, Tokyo, and Rotterdam. The Nasdaq is its principal listing, and the JSE is its secondary listing. Grindrod Shipping operates under two primary brands: Island View Shipping and Unicorn Shipping. Island View Shipping and Unicorn Shipping own, charter, and operate their own modern, low-cost fleet of dry bulk carriers, as well as goods and chemical tankers. Unicorn Shipping focuses on transferring liquid chemicals and clean petroleum products, whereas Island View Shipping focuses on moving dry bulk cargo such as minerals, coal, ores, and agricultural products.
SEA CONSORTIUM PRIVATE LIMITED
X-Press Feeders was founded in 1972 as an independent feeder carrier to provide the most dependable and cost-effective service solutions to meet the feedering demands ofcustomers. Containers are not owned, leased, or operated by X-Press Feeders. It only provides transportation services to container operators - not to private cargo owners or the broader shipping public. X-Press Feeders began its activities in Southeast Asia and has now expanded to include operations across Asia, the Middle East, Africa, the Caribbean, Latin America, the Mediterranean, and Europe.
PSA MARINE (PTE) LTD
PSA Marine Pte. Ltd. is a maritime company which was incorporated in 1964. It provides comprehensive marine services such as pilotage and towage, as well as offshore wind farm personnel transfer to the ports and terminals, oil and gas, shipping, and renewable energy sectors from its headquarters in Singapore. PSA Marine also provides marine advisory services, ship-to-ship transfer, navigational assessment, and training and consultation services. It has a presence in more than ten countries across Asia, the Middle East, Europe, and Latin America as part of the global supply chain. PSA Marine has won the Total Defense Award-NS Advocate (Large Companies) in 2017, the International IF Design Award in Germany in 2006, and the Red Dot Design Award in 2005.
HAFNIA PTE. LTD.
Hafnia Pte. Ltd. was formed by the merger of Hafnia Tankers and BW Tankers. It is a maritime company with over 80 years of experience in oil and gas transportation, floating gas infrastructure, environmental technology, and deep-water production. The company transports oil and oil products for significant national and international oil companies, leading chemical companies, and trading and utility companies. Hafnia transfers hydrocarbons around the world in a safe and sustainable manner. It has offices in Copenhagen and Houston.
SWISSMARINE PTE. LTD.
SwissMarine Pte. Ltd. was founded in 2001 as a maritime operating firm, providing transportation services on Capesize and Panamax vessels. SwissMarine and its subsidiary companies were acquired by Singapore Marine Pte. Ltd. in 2019. It caters primarily to European coal power plants, steel mills, and miners for raw material transportation needs. The company is now based in Singapore and has five offices across the world, in Singapore, Geneva, Copenhagen, Verbier, and a representative office in Tokyo.
Top Singapore SMEs in Maritime Sector
BATAM FAST FERRY PTE. LTD.
Batam Fast Ferry Pte. Ltd. was founded in 1985. It offers passenger ferry services from Singapore to Batam. All ferries are outfitted to provide a luxury sea ride, with the latest in navigational control, air conditioning, a VIP area, an in-house movie theatre, and a bar counter. The company has two high-speed passenger ferries, Bintan 2 and Bintan 3, with capacities of 60 and 70 people, respectively.
BINTAN RESORT FERRIES PRIVATE LIMITED
Bintan Resort Ferries (BRF) Pte. Ltd. was established in 1994. BRF provides a regular, safe, dependable, and comfortable passenger ferry service from Singapore to Bintan Resorts. Four catamaran ferries are operated by the company. Through the provision of flexible ferry schedules and travel promotions, BRF collaborates with travel agents, resort operators, and golf resorts, with a view to improving its services, and thereby increasing visitorship to Bintan Resorts.
TALL SHIP ADVENTURES PTE. LTD.
Tall Ship Adventures Pte. Ltd. was incorporated in 2008, and it is headquartered in Singapore. Tall Ship Adventures offers luxurious experiences aboard its tall ship, the Royal Albatross. Operating in the Asian superyacht industry, it continues to push the boundaries, providing more options for cruises, hosting business meetings and entertainment, sponsoring integrated brand events, and organizing private charters as well as special events. It promises a world-class experience onboard the Royal Albatross.
YEW CHOON MARINE PTE. LTD.
Yew Choon Marine Pte. Ltd. was founded in Singapore in 1975. The company offers a one-stop shop for enormous and heavy goods, including maritime and land transportation, Ro-Ro operation, jacking, skidding, installation, craneage, warehousing and storage, and engineering. Yew Choon provides lifting and transportation for general and extremely heavy commodities and structures, including heavy lift, modular land transport, and craneage, to any firm that needs international or integrated end-to-end onshore or offshore services. It serves Malaysia, Indonesia, Vietnam, the Philippines, India, Bangladesh, the People's Republic of China, Cambodia, Brunei, Sri Lanka, and Thailand. Yew Choon's clients are mainly from the oil and gas, petrochemical, and power generation industries.
HORIZON FAST FERRY PTE. LTD.
Horizon Fast Ferry, formerly known as Prima Ferries, was established in 2012. It operates a service between Singapore Harbor Front and Batam Harbor Bay City. The company offers a secure, clean, quick, and enjoyable travel experience between Singapore and Batam. Horizon Fast Ferry provides locally run, non-standardized vessels with access to technologically contemporary, globally certified, marine-safe vessels.
ASIA BREAK BULK (SINGAPORE) PTE. LTD.
Asia Break Bulk (Singapore) Pte. Ltd., incorporated in 2006, is headquartered in Singapore. It provides a regular project package service between Europe and Asia. The Asia Break Bulk service covers all important trading areas and en route locations. This encompasses India and the Persian Gulf, Turkey, the Black Sea, the entire Mediterranean, and the Baltic Sea. Asia Break Bulk operates approximately 25–30 annual sailings, westbound from Asia to Europe and eastbound from Europe to Asia, which became a regular semi-liner service during the previous decade.
DD SHIPPING PTE. LTD.
DD Shipping Pte. Ltd. was incorporated in 2007. It is a ship operation and management services firm. The primary business of the company is international cargo transportation around the world. DD Shipping is a full-service ship management company that provides technical management, ship operating and chartering, safety management, ship financial management, ship-building project management, S-u0026P, and other services, while committing to long-term growth through industry innovation and collaboration.
COMPASS ENERGY PTE. LTD.
Compass Energy was founded in 2002 and is headquartered in Singapore, which is widely regarded as the Asia-Pacific region's hub for shipping and offshore support activities. The company provides technical services to Southeast Asian offshore oil and gas field development, with a focus on floating production, storage, and mooring systems.
DIVE-MARINE SERVICES (PTE.) LTD.
Dive Marine Services Pte. Ltd. was established in 1974 and is a marine services organization in Singapore and in Southeast Asia. Dive Marine Services offers an array of services including inspection, repair, maintenance, logistics, and training for clients in the shipping and shipbuilding, oil and gas, renewable energy, and petrochemical industries, and the civil sector. DM NDT Pte. Ltd., and DM Sea Logistics Pte. Ltd. form DM Group Services. It has accomplished this by offering IRATA-certified rope access training classes and is currently working on the construction of improved ROVs that will transport divers out of the sea.
AREGIUS MARITIME PTE. LTD.
Aregius Maritime Pte. Ltd. was incorporated in 2007. Aregius provides the shipping sector with important maritime services. Aregius Group's seven private limited companies are Aregius Maritime, Aregius Marine Services, Aregius Shipping Services, Aregius One, Aregius Capital, Goldenport, and GP Oil. The Aregius Maritime core services include cargo slops, sludge, and de-bunkering; expediting and loss control of bunker and petroleum cargoes; and maritime port authority.
Top Singapore Fastest-Growing Companies in Maritime Sector
NORVIC SHIPPING ASIA PTE. LTD.
Repeated company as per the client
YANG MING (SINGAPORE) PTE. LTD.
Repeated company as per the client
WILH.LOESCH SINGAPORE PTE. LTD.
Repeated company as per the client
ROYAL MARINE MANAGEMENT PTE. LTD.
Royal Marine Management Pte. Ltd. was founded in 2007. The Royal Marine Group is made up of three subsidiaries: Royal Marine Commercial Management Pte. Ltd., Royal Marine Services Pte. Ltd., and Royal Marine Management Pte. Ltd. It offers project management, ship management, marine services, and engineering services. The Royal Marine Ship Management team oversees an expanding fleet of offshore vessels, tankers, and bulk carriers that trade globally.
CHINA MERCHANTS ENERGY SHIPPING (SINGAPORE) HOLDING PTE. LTD.
China Merchants Energy Shipping (Singapore) Holding Pte. Ltd. (CMES) is a subsidiary of China Merchants Energy Shipping Co. Ltd. It was established in February 1995 and is headquartered in Singapore. CMES Singapore is committed to the upstream and downstream of the shipping business as the gateway and platform in Southeast Asia, with primary operations including ship chartering, shipbuilding/repair supervision, marine service/offshore, and marine product trade. It also trades maritime high-sulphur fuel oil, low-sulphur fuel oil, and marine gas oil. CMES has good relationships with its suppliers in Singapore, including leading global oil firms and world-class dealers of renown.
SWISSMARINE PTE. LTD.
SwissMarine Pte. Ltd. was founded in 2001 as a maritime operating firm, providing transportation services on Capesize and Panamax vessels. SwissMarine and its subsidiary companies were acquired by Singapore Marine Pte. Ltd. in 2019. It caters primarily to European coal power plants, steel mills, and miners for raw material transportation needs. The company is now based in Singapore and has five offices across the world, in Singapore, Geneva, Copenhagen, Verbier, and a representative office in Tokyo.
SING FUELS PTE. LTD.
Incorporated in 2012, Sing Fuels Pte. Ltd. is a global energy trading corporation that provides ship owners, charterers, and other shipping industry participants with bunker trading, cargo trading, and base oil trading services. It offers products and services such as marine fuels, lubricants, risk management, cargo trading, and LPG trading. Sing Fuels is headquartered in Singapore and has offices in the United Arab Emirates, South Africa, the United Kingdom, China, Turkey, India, Denmark, Nigeria, Taiwan, and the United States.
BERLITZ MARINE PTE. LTD.
Berlitz Marine Pte. Ltd. was incorporated in 2013. It is a Singapore-based vessel owner and operator with interests in shipbuilding, commodity transportation, chartering, and technical management in the oil and gas industry. Its vessel fleet is made up of 39 boats, which include tugs and barges, anchor-handling tugs, anchor-handling supply tugs, and multi-purpose vessels. Berlitz Marine handles its own and third-party boats for a variety of reputed oil majors and offshore E-u0026P firms. It also sells vessels in Saudi Arabia, PNG, Tanzania, West Africa, Southeast Asia (in Malaysia and Indonesia), and the Middle East.
TORM SINGAPORE PTE. LTD.
TORM Singapore Pte. Ltd. was established in 1889. It is a product tanker firm engaged in the transportation of refined oil products such as gasoline, jet fuel, naphtha, and diesel oil. It operates a large and contemporary fleet of product tankers, ranging in size from 35,000 to 114,000 dwt. TORM is headquartered in London, and has offices in Houston, Copenhagen, Manila, Cebu, Mumbai, New Delhi, and Singapore.
SEALAND PROJECT LINE PTE. LTD.
Sealand Project Line Pte. Ltd. was incorporated in 2017. It is a maritime services firm. Sealand Project offers all forms of break bulk/heavy bulk and bulk cargo for various industries such as Automobiles, Cement, Steel, Mining, Petrochemicals, Urban Transport, Power and Distribution, Bulk Commodities, and Heavy Engineering. It has a presence in Bangladesh, China, East Africa, the EU Region, Indonesia, Malaysia, Mexico, Nepal, Russia, and the CIS.
