As competition in the market heats up there is a need for companies to reduce cost wherever possible so that they can beat their competitors. Companies look at various aspects that add to the cost of their products. Shipping is something that costs a lot when the product is being sent to far off locations. Being a trading hub Singapore does a lot of exports to many countries around the world. There are many companies that use Singapore as the point from where they export their goods to other countries. All the companies in the Asian region also use Singapore as a transshipment point for their goods. It makes it necessary for companies in Singapore to give a very competitive pricing for shipment so that these companies can fight competition from around the globe.