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Container throughput at Singapore port up 8.7% in 2018

The Business Times by LEE MEIXIAN

Singapore

THE Port of Singapore maintained a stable performance in 2018, the Maritime and Port Authority of Singapore (MPA) said on Monday.

Container throughput grew by 8.7 per cent to 36.6 million twenty-foot equivalent units (TEUs), an 8.7 per cent increase from the 33.7 million TEUs registered in 2017.

Total cargo throughput remained stable at 630 million tonnes, close to 2017's level.

Annual vessel arrival tonnage reached 2.79 billion gross tonnes (GT) in 2018, similar to the 2.8 billion GT achieved in 2017.

Singapore also retained its position as the world's leading bunkering port, with annual bunker sales volume close to the 50 million-tonne mark for the second consecutive year, MPA said.

The Singapore Registry of Ships also continues to rank among the five largest ship registries worldwide, reflecting Singapore's reputation as a "quality" flag of choice for international ship owners and operators, it added.

The total tonnage of ships under the Singapore flag climbed 2.4 per cent from 2017's 88.8 million GT to reach 90.9 million GT in 2018.

"Singapore continues to be home to a diverse range of maritime businesses, with more than 5,000 maritime establishments in Singapore generating over 170,000 jobs. Overall, the maritime sector contributed some 7 per cent to Singapore's gross domestic product," it said.