Lianhe Zaobao reported on January 14 that Singapore's port handled 37.5 million teUs last year, 1.63 percent more than the previous year, making Singapore the world's busiest container transshipment port. Marine fuel sales growth also remained strong last year, exceeding 50 million metric tons for the second time after 2017.
Despite disruptions to global supply chains due to COVID-19, Singapore's port handled a record 37.5 million teU containers last year, up 1.63 percent from the previous year. Cargo volumes also rose 1.4 percent to 599 million metric tons, with Singapore remaining the world's busiest container transshipment port.
Speaking at the Singapore Maritime Fund's New Year dinner last night, Transport Minister Ian Yi summed up the overall performance of Singapore's maritime business and seaport last year.
Singapore's bunker sales growth remained strong last year, surpassing 50 million metric tons for the second time since 2017, according to the Maritime and Port Authority of Singapore.
Last year, nine maritime companies set up operations in Singapore and another 14 expanded their operations there, according to Mr Yi.
He noted that despite disruptions in global supply chains, Singapore's port remains a one-stop shop and a catch-up port to make up for shipping delays. Psa reopened keppel's docks, started using a new Tuas Port yard and deployed more staff to help operators mitigate supply chain disruptions.