15-01-2018

Singapore still world’s 2nd largest container port, handling 33.7m TEU in 2017

SINGAPORE container port handled 33.7 million TEU last year, an increase of 8.9 per cent on 2016, however, volumes were still marginally lower than the record year of 2014.

The Lion City retained its place as the world's second largest container port, following flat growth in 2016. "Singapore put up a strong performance in 2017. Our container throughput rose by 8.9 per cent to 33.7 million TEU, due to the pick-up in the global economy and PSA's efforts to anchor major shipping alliances here," said Lam Pin Min, Singapore's Senior Minister of State for Transport and Health.

Handling 33.7 million TEU in 2017 volumes were slightly below the record of 33.9 million TEU in 2014, Seatrade Maritime News of Colchester, UK reported.

Singapore is well behind the world's largest container port in volumes term - Shanghai - which according to local reports surpassed 40 million TEU in 2017.

Cargo tonnage handled by Singapore reached a record 626.2 million tonnes in 2017 up 5.5 per cent on the previous year, .

Singapore however retained its crown as the world's top bunkering port surpassing the 50 million tonnes mark for the first time with 50.6 million tonnes of bunkers sold in the port in 2017 up 4.2 per cent on the previous year.

Source: Schednet

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