Deputy Prime Minister emphasises innovation, connectivity, and cooperation at Singapore Maritime Lecture 2026.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong delivered an optimistic outlook on the future of global shipping at the Singapore Maritime Lecture 2026 on 21 April 2026 in Singapore. The event brought together international maritime leaders, including Arsenio Dominguez of the International Maritime Organization, alongside policymakers and industry experts.
Mr Gan highlighted the enduring importance of maritime networks, noting that over 80 percent of global trade continues to move by sea. He described these networks as the backbone of the global economy, connecting markets, supporting industries, and enabling the steady flow of goods worldwide.
He reaffirmed the value of the United Nations Convention on the Law of the Sea, which continues to provide a strong foundation for global maritime cooperation and open trade. Mr Gan emphasised that international frameworks like UNCLOS play a vital role in ensuring stability, trust, and smooth operations across global shipping routes.
Focusing on the future, Mr Gan outlined key shifts that are creating new opportunities for growth. He noted that supply chains are becoming more resilient and adaptable, while digitalisation and clean energy transitions are opening new pathways for innovation. The increasing use of artificial intelligence is also helping to improve efficiency, optimise shipping routes, and strengthen coordination across global logistics networks.
Singapore is actively embracing these opportunities. Mr Gan highlighted initiatives to apply AI in port operations and supply chains, enhancing productivity and resilience. He also pointed to emerging sectors such as green shipping, maritime digital services, and alternative fuels as key areas of growth for businesses and workers.
As a leading maritime hub, Singapore continues to strengthen global connectivity. The country is connected to more than 600 ports worldwide, and the development of Tuas Port will further expand its capacity. When completed, Tuas Port is set to become the world’s largest fully automated container terminal, supporting future trade growth and efficiency.
Singapore is also playing a leading role in shaping global standards. The launch of OCEANS-X, a new digital platform, will improve data sharing and coordination across the maritime ecosystem. At the same time, efforts to develop cleaner fuels, including methanol and ammonia, are supporting the industry’s transition towards sustainability.
Mr Gan emphasised that trust remains at the heart of global maritime success. Singapore continues to uphold strong governance, transparency, and international cooperation, ensuring that maritime operations remain reliable and efficient.
He concluded by expressing confidence that through innovation, collaboration, and shared commitment, the global maritime sector will continue to grow stronger and more resilient, creating new opportunities for businesses and economies worldwide.
Source: PMO
