Industry Guide: Maritime and Shipping | BrightMinds 2023 e-Magazine

Singapore’s ties to the maritime date back centuries – with a long and storied history of trade to boot. Even today, the maritime and shipping industry is vital to our nation’s connections to the outside world, allowing us to retain a competitive edge in the global economy. At present, the sector boasts over 170,000 employees with an annual output that amounts to around 7% of the country’s GDP. This monumental industry has been consistently growing in both size and scope, claiming one of the world’s highest concentrations of international shipping groups and maritime service providers – which has led to increasing diversity in available roles.

Fast Facts

90%

Despite advancements in technology, over 90% of the world’s trade happens via the sea

1 M

Every year, more than a million people visit Singapore through cruises

1,000

At least 1,000 maritime vessels are always docked at the Singapore Port

Industry Outlook

The maritime and shipping industry is among the most diverse sectors in the world, with businesses that range from shipping to port-related activities to engineering services and to maritime services. As the scope of the sector broadens exponentially, so does the demand for professionals within the industry. With technology rapidly shifting the way maritime and shipping businesses function, professionals with skills and proficiency in areas like data analytics, cyber security, sustainable shipping and systems engineering will become increasingly valuable assets.

Relevant Jobs

MARINE OFFICER

Mid-Level (2-5 years of experience)
$9,000-10,000
A Marine Officer works to ensure safe, effective, and dependable ship-to-shore operations as well as supervise the maintenance of marine equipment and monitor the employed contractors for marine activities

OPERATIONS EXECUTIVE

Entry-Level (1 year of experience)
$2,600-3,600
An Operations Executive coordinates and monitors port calls, performs port cost proforma verifications, identifies and negotiates cost savings, and prepares required reports

HARBOUR CRAFT MASTER

Mid-Level (3 years of experience)
$4,000-5,000
A Harbour Craft Master plans and executes all works on behalf of the onboard crew, makes sure all rules and regulations are followed and that all equipment is being regularly reviewed, and maintains discipline onboard

MARINE ENGINEER

Mid/Senior-Level (3-10 years of experience)
$4,000-7,000
A Marine Engineer must inspect, service and repair marine vessels and engines, perform jobs on said vessels, and be able to detect technical matters and diagnose servicing issues