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Photo: Marcus Hand The disruption in the supply chain by Covid-19 and the blockage of the Suez Canal have driven talk of in-shoring but Singapore believes it will not be possible for countries to unwind globalisation.
Speaking at the opening of the 15
th Singapore Maritime Week (SMW) Singapore Transport Minister Ong Ye Kung noted renewed importance of resilience in the light of supply chain disruption caused by Covid-19 and more recently the blockage of the Suez Canal by the grounding of the Ever Given.
“To prepare for future disruptions, there have been talks of in-shoring, to reduce the reliance on foreign supplies, focus more on ‘just-in-case’ and less on ‘just-in-time’,” Minister Ong said.
2021-04-19 09:06:00 GMT2021-04-19 17:06:00(Beijing Time) Xinhua English
SINGAPORE, April 19 (Xinhua) Singaporean Minister for Transport Ong Ye Kung said on Monday that ensuring the safety of international trade arteries like the Straits of Malacca and Singapore remains a critical task and requires the collective effort of all stakeholder countries.
While speaking at the 15th Singapore Maritime Week opening ceremony, Ong said that his country s Maritime Port Authority will continue to enhance its Vessel Traffic Information System to ensure safety of navigation, including early detection of collision and grounding risks.
Besides, the city-state is playing a key and active role in the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia, the first regional government-to-government initiative to counter piracy and sea robberies in Asia, he added.
Singaporean Minister for Transport Ong Ye Kung said on Monday that ensuring the safety of international trade arteries like the Straits of Malacca and Singapore remains a critical task and requires the collective effort of all stakeholder countries.- The Straits Times/ANN SINGAPORE, April 19 (Xinhua): Singaporean Minister for Transport Ong Ye Kung said on Monday that ensuring the safety of international trade arteries like the Straits of Malacca and Singapore remains a critical task and requires the collective effort of all stakeholder countries.
While speaking at the 15th Singapore Maritime Week opening ceremony, Ong said that his country s Maritime Port Authority will continue to enhance its Vessel Traffic Information System to ensure safety of navigation, including early detection of collision and grounding risks.
Xinhua world economic news summary at 0930 GMT, April 19 singaporestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from singaporestar.com Daily Mail and Mail on Sunday newspapers.