SIMIC

"We are very clear that Singapore cannot be a hub port and international maritime centre without being open and connected with the world," said Mr Chee.

Since the start of the Covid crisis, many factors have led to a general exodus of employment pass holders.

"I also want to assure you that Singapore will remain open to talent from around the world, as we firmly believe that this is critical to our success as a regional hub, especially for global businesses like shipping and maritime," said Mr Chee.

At the same time, the government has been working to roll out schemes aimed at helping Singaporeans improve their skills.

Mr Chee declared the container carrier has put in considerable efforts to expose and train its staff, through initiatives like the Career Development Programme.

As part of Ocean Network Express (ONE) efforts to reduce its carbon footprint, it committed to building 10 very large containerships (VLCS).

The ships will be built by Hyundai Heavy Industries and Nihon Shipyard and will have a nominal capacity of 13,700 TEU.