SINGAPORE: Singapore is not contented in just being the logistics and transhipment hub for normal cargo.

It now aims to become the logistics hub for perishable goods in the Asia Pacific region.

Singapore is aiming for a larger slice of the intra-Asian perishable trade which is worth some US$300 billion annually.

According to industry experts, Singapore's current market share stands at about US$1 billion.

In order to do that they have said Singapore may have to set up a facility specially to handle perishable goods that are being shipped to and from Europe or the US into Asia.

"For that you need to have a facility which can be a perishable centre, which can capture these trade flows. Which can do a little bit of aggregation, consolidation, add value handle the multi modal transportation and then ship it out from here. So that kind of facility has to be built up in Singapore, probably at Changi Airport and should be done very quickly," said Rajesh Srivastava, regional head, Asia, Food and Agribusiness for Rabobank International. - CNA /dt