The 1960s saw a flurry of new shipping companies emerge onto the global scene as many newly independent countries — free of colonial shackles — set up national outfits to give them a presence in the global sea-transport scene.

Singapore — independent since 1965 — did so in 1968. In the pragmatic style that is so characteristic of the city state, it shunned the nationalistic ideology so prevalent with other state-owned upstarts.