The port industry is a unique business because instead of trying to defeat your competitors in other cities, there is a focus on developing those very locations. This is to improve the connectivity of trade routes and ensure the smoother movement of cargo, said Mr Ong Kim Pong, PSA's chief executive for South-east Asia.
Competition in the port industry is international. There are two basic categories - hinterland ports and transshipment hubs like Singapore.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you