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
05/05
2026
The revised surcharge will take effect from June 1, 2026 (based on gate-in date) and will remain applicable until further notice.
25/03
2026
The global aviation industry is facing a new wave of disruption as ongoing tensions in the Middle East continue to put pressure on jet fuel costs, flight operations, and the overall stability of international air networks. The impact is no longer limited to routes passing directly through conflict-affected areas. Instead, it is now spreading across multiple markets, driving higher airfares while also increasing the risk of flight delays and cancellations on a broader scale.
12/03
2026
Amid the sharp rise in global fuel prices since early March 2026, driven by ongoing geopolitical tensions in the Near and Middle East, bunker costs across the ocean shipping industry have increased significantly on most trade lanes.