‘Are ships the new chips?’: Singapore Maritime Week opens as Hormuz crisis tests global shipping
- Singapore’s deputy prime minister said ships, ports and routes are now ‘strategic tools’ for energy and economic security, not just transport assets
- Industry leaders noted how priorities have flipped from ESG to GSE — geopolitics, safety, efficiency — while musing that the Strait of Hormuz should be coined ‘Schrödinger’s Strait’ because it is open and closed simultaneously
- Decarbonisation momentum is slowing under geopolitical pressure, but panellists urged the industry to keep preparing for the green transition
When ships become strategic tools and bargaining chips, where does the industry go from here?
