Port of Singapore surpasses 37 million TEUs in second busiest year in history

Port of Singapore has reported a container throughput of 37.3 million TEUs in 2022, which represents a slight decline of 0.7% compared with the all-time record volumes in the previous year.

Despite the fall of 3-4% in global container trade, the Port of Singapore achieved its second busiest year in its history.

At the same time, the port handled 577.7 million tonnes of cargo in 2022, while vessel arrival tonnage hit 2.83 billion gross tonnage (GT).

The port believes that its position as a "trusted, global transshipment hub" was strengthened amidst challenging global economic conditions during the last year.

In 2022, total business spending by shipping companies exceeded US$4.3 billion, and more than 30 companies established or expanded their operations in Singapore, according to Maritime Port Authority (MPA) Singapore. This is more than 30% higher than the number of companies which expanded operations or set up in Singapore in 2021.

Source: Container News


Related News

Hapag-Lloyd orders 75,000 containers
Hapag-Lloyd orders 75,000 containers

Hapag-Lloyd has confirmed a new order of 75,000TEU dry boxes, which will be manufactured in China and delivered to the German carrier within the fourth quarter of 2021.

Maersk introduces new Middle Corridor rail service
Maersk introduces new Middle Corridor rail service

A.P. Moller - Maersk has decided to launch a new service linking China and Europe via Kazakhstan, Azerbaijan, Georgia, and Romania in about 40 days.

Maersk and MSC raise Oceania prices
Maersk and MSC raise Oceania prices

The two largest container lines in the world, Maersk and MSC, have announced new rates to Australia and New Zealand destinations, which are expected to take effect in the next months.


main.add_cart_success