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Containers Singapore Political Risk and Trade

Singapore consolidates registry gains as reflagging wave shows no sign of reversing

  • Over 670 vessels totalling 52m dwt have reflagged to Singapore since 2024, overwhelmingly driven by the US-China trade confrontation
  • The port fee suspension slowed but did not reverse the trend — owners are locking in new flag positions, not waiting to go back
  • Hong Kong and Panama have been the biggest losers, both undermined by geopolitical exposure they could not neutralise

  • Analysis

Lloyd’s List Intelligence data reveals 673 vessels have switched to Singapore’s registry since 2024, with tonnage from Hong Kong accounting for nearly half the inflow

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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