Singapore is a maritime nation in the fullest sense — the world's busiest container transhipment port, the world's largest bunkering hub, and by one global ranking the leading maritime city on the planet.[1] The sea is not one sector among many for us; it is the foundation we were built on. We are an island that imports more than nine in ten of our calories across the water, and we sit astride the Strait of Malacca, through which roughly a quarter of all seaborne trade and nearly half the world's seaborne crude oil moves. A nation this dependent on the sea cannot safely treat the capability to move on it as a commodity to be rented. Yet over two decades we quietly gave away one of its core sovereign capabilities — a shipping line of our own. Neptune Orient Lines (NOL), the national carrier, was sold to France's CMA CGM in 2016, the last act in a long dismantling: the tanker fleet to Malaysia in 2003, the headquarters in 2012, the logistics arm in 2015, then the line itself.[2][3] In so doing, we exited an entire strategic domain.