$RESOLV
Singapore is in a hurry! On the day Hainan closed its borders, will the 'easy money era' in Malacca come to an end? 一起聊聊
Hainan has closed its borders, and this 'Asian toll station' that has profited for decades from the 37-kilometer waterway of the Malacca Strait is truly unable to sit still this time.
How much does Singapore's prosperity rely on geographical monopoly? 37% of global maritime trade and 50% of crude oil transportation must pass through Malacca. In 2024, 70% of the 38 million TEUs throughput will be transshipment goods, with wholesale trade alone accounting for 22.3% of GDP. Transshipment fees + fuel costs + financial settlement fees, threefold profits allow it to earn money effortlessly—until Hainan's border closure reveals its 'killer move'!
Indonesian cargo ships bypass Singapore for direct routes to Yangpu Port. After the Jinko Group established its factory, processing costs dropped by 18%, saving $120 million annually; Thai rubber is transported to Hainan for processing via the China-Laos Railway, with zero tariffs saving 12% compared to transshipment through Singapore! Even more ruthlessly is the policy differential: corporate income tax at 15%, personal income tax at a maximum of 15%, which is 5 percentage points lower than Singapore. A 300,000-ton oil tanker saves $240,000 in a single refueling!
With a 120 square kilometer bonded area and the capacity to berth 200 300,000-ton cargo ships at Yangpu Port, plus a game-changing policy of '30% value-added processing exempt from tariffs,' Hainan is directly turning Singapore's 'transshipment business' into 'on-site production.' Singapore is urgently investing 30 billion SGD in green shipping and promoting blockchain 'Starlink Ports,' but 63% of Southeast Asian companies have given up on using it due to system compatibility issues, making self-rescue appear feeble.
The current situation is too delicate: Singapore still holds advantages in high-end foreign exchange trading and multinational headquarters, while Hainan relies on a market of 1.4 billion people to create a 'processing-research-sales' closed loop. By 2025, the production of new energy vehicles will exceed 500,000 units, with 70% of components sourced from Southeast Asia through transshipment. Malaysian palm oil companies are relocating to Hainan, and Vietnamese coffee beans are bypassing Singapore—this 'toll station's' profits are being crazily diverted!
This showdown is not about replacement but rather about the elimination of an era: the 'toll fee model' that relies on geographical benefits ultimately cannot compete with the efficiency-driven integration of the industrial chain. Hainan's border closure is just the beginning; the 'dual-core era' of global shipping patterns has already arrived!
Do you think Hainan can rewrite the trade rules of Southeast Asia? What will be Singapore's next trump card? Elon Musk concept little puppy (p.up.p.ie.s)! You can follow it!