Woon Aw Yong, senior vice president for HSH Nordbank in Singapore, says the city state remains one of the key maritime hubs in Asia, despite fierce competition from other centres.

“Singapore has managed to attract maritime companies ranging from shipowners to bankers, brokers, lawyers and port agencies from all over the world to set up operations locally,” he says.

“I also see tremendous support from the Singaporean government to maintain and strengthen this valuable maritime community network.”