According to reports, the Singapore Registry of Ships (SRS) experienced significant growth in 2025, achieving a record-high tonnage registration that surpassed Hong Kong, propelling it to become the world's fourth-largest flag state.

Based on data released by the Maritime and Port Authority of Singapore, as of the end of 2025, the total tonnage of vessels managed by the Singapore Registry of Ships reached a record-breaking 137.46 million gross tons, marking an approximately 27% increase from 2024.

Murali Pillai, Senior Minister of State for Law and Transport at the Singapore Ministry of Law and Ministry of Transport, stated: "The continued robust growth of the Singapore Registry of Ships complements Singapore's status as an international maritime center, reflecting global shipowners' confidence in Singapore as a reputable and forward-looking flag state."

Industry analysts point out that part of the growth stems from changes in the geopolitical policy environment last year. Due to the United States' implementation of unfair port fees on Chinese-related vessels, some shipowners have reflagged their vessels from Hong Kong to Singapore. Pacific Basin announced that about half of its dry bulk fleet has been reflagged under the Singapore flag, and the company headquarters have been relocated to Singapore. Although the related fee policies have been temporarily suspended, most of the reflagging processes have been completed, and strategic adjustments continue to progress.

Murali Pillai also revealed that in 2025, a total of 35 maritime companies and startups chose to establish or expand their operations in Singapore. He specifically mentioned that the Japanese shipping giant Mitsui O.S.K. Lines (MOL) has set up a regional headquarters in Singapore. Currently, over 200 international shipping groups have rooted themselves in Singapore, further solidifying its position as a key global maritime hub.