Singapore set to achieve historic high box volumes in 2018

Singapore port container volumes have inched up in November compared to year-ago levels, putting the republic on track to achieve a historic high throughput this year.

Singapore handled throughput of 3.01m teu in November, a slight increase of 1.26% compared to 2.98m teu posted in the same month of last year, according to figures from the Maritime and Port Authority of Singapore (MPA).

Last month’s volumes, however, dipped compared to the 3.15m teu moved in October this year, MPA figures showed.

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From January to November this year, Singapore port recorded a total throughput of 33.46m teu, an increase of 8.95% compared to 30.71m teu recorded in the same period of last year.

In 2017 Singapore container volumes were registered at 33.67m teu, the second highest annual volume other than 33.87m teu seen in 2014.
With the first 11-month throughput already at 33.46m teu, Singapore is set to achieve its new historic high annual box throughput this year.

Posted 13 December 2018

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Lee Hong Liang

Asia Correspondent

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