"We are convinced that Singapore will continue to be a powerhouse for growth in south east Asia and in the world. With its strong tradition for business dialogue and determination to stay competitive, we believe Singapore will also constantly adjust to the changing needs of shipping", says Nils Smedegaard Andersen, partner and group CEO.
The IMC award was presented by the Minister of Transport Raymond Lim at a ceremony.
"Singapore, as a global hub for global business, has become a natural second headquarter for AP Moller-Maersk. It is the only other place in the world, outside of Copenhagen, to house more than 10 of the group's business units. Singapore is also where the group has the most number of its ships flagged outside of Denmark", a company statement says.
It says, that by the end of this year, the group will have about 107 vessels and rigs flagged in Singapore, adding up to over 5.5 million gross tons and making it the largest vessel owner in the city state.