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Singapore Is Asia's Best Port for the 29th Time

Written by: Bridgewest

Singapore-is-Asias-best-port-for-the-29th-timeSurrounded by other renowned ports in the region, Singapore managed to obtain the 29th award as the best seaport in Asia coming ahead Shanghai and Hong Kong. Singapore is well-known for the facilities it offers to trading companies using warehouses in its port or waterways as a transportation means. If you want to open a company in Singapore in the Port of Singapore, you can rely on our company registration advisors.

Singapore ranked higher than China and Hong Kong

The Asia Freight, Logistics and Supply Chain Awards (AFLAS) is held every year in the country that won the award in the previous year. Just like this year, the winner of 2016 was Singapore when the city-state won the title of the Best Seaport in Asia for the 28th time. The 2017 AFLA Awards brought to the Port of Singapore its 29th title, outranking one of China’s greats ports: Shanghai. Moreover, Singapore also placed ahead Hong Kong in this year’s ranking.

The votes were given by the readers of one of the largest freight and logistics magazines in Asia and were based on several criteria which Singapore aced.

Singapore also has several free zones among which Jurong Port which offer many facilities to shipping companies, so if you are interested in exploring the investment opportunities it offers, our Singapore company formation specialists can assist you.

What were Singapore’s award-winning criteria?

AFLAS awards the best seaport in Asia according to a few but very strict criteria and Singapore was a leader in most of them. Among these, Singapore was awarded for having the container shipping-friendliest fee regime, for being the most competitive ports in terms of costs and for having the best infrastructure for shipping. Singapore was also commended for the investment in infrastructure which will meet the future demands of companies establish here.

The representatives of the Maritime and Port Authority in Singapore were honored to receive the award, especially after also winning the best position as the world’s busiest container transshipment hub of 2016.

For full information on how to open a shipping company or any other business in the maritime sector, please feel free to contact our Singapore company formation agents. Our company formation consultants in Singapore can also assist with the registration procedure of this type of company.

 

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