Asia/Pacific News
Singapore: MPA Forms Advisory Committee to Plan Future of International Maritime Centre
The Maritime and Port Authority of Singapore (MPA) has announced that it has formed the International Maritime Centre 2030 (IMC 2030) Advisory Committee to advise on the future direction of Singapore's IMC.
The group's membership is said to include global business leaders, as well as experts in maritime and related sectors, such as global logistics, finance, and technology.
MPA notes that Andreas Sohmen-Pao, Chairman of BW Group, has been appointed Chairman of the new advisory committee, which is specifically intended to identify areas in which Singapore can enhance its long term competitiveness.
"Even as Singapore is widely recognised as a leading IMC today, the maritime industry is also driven in new directions by the increasing interconnectedness of the economy and closer integration of global supply chains. The rapidly evolving global economic environment poses both opportunities and challenges for Singapore's development as an IMC," explained MPA.
Singapore is noted to be home to more than 130 international shipping groups - one of the highest densities in the world, says MPA.
"To be better positioned for future growth, Singapore would need to stay nimble and adapt to new industry paradigms. The IMC 2030 Advisory Committee will focus on these new developments and identify cross-sector growth opportunities to strengthen Singapore's position as a leading IMC," concluded MPA.
The advisory committee is said to have held its first meeting on Wednesday.
