SINGAPORE is located at the crossroads of South East Asia, in the centre of a region that is considered to have the world’s highest marine biodiversity. Aseanarean – a name coined to describe the seas around South East Asia and the wider ASEAN hinterland – has all the geographic prerequisites and natural attributes for cruising. The Philippines alone has 9,000 islands, while the Indonesian archipelago has 17,000.
The region’s abundant cultures and ethnic mix makes it an anthropologist’s delight. Singapore’s highly developed physical and business infrastructure, strong multi-modal connectivity and strategic position geographically and economically, make it a safe haven in more ways than one.
The island state is one of the safest cities in the world for ships, money and personal safety. It has four world class marinas with superyacht capacity, wealth management is a cornerstone of the country’s finance sector, and it has been ranked the safest place in Asia outside Japan. Superyachts started to discover Southeast Asia as far back as the early 1990s.
Although the superyacht industry in the region is in still evolving, Singapore is well placed to ride this developmental wave. Its pro-business environment makes it easy for businesses and those already operating in the commercial maritime sector to cross over and provide services for the luxury yacht market. The recent formation of the Superyacht Singapore Association is an indication of the seriousness with which Singapore interests intend to engage the superyacht market.
Captain’s log: Singapore – Enter the Lion’s Den