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Singapore loses container crown to Shanghai

Singapore loses container crown to Shanghai

Singapore: Singapore's container throughput for 2010 increased 9.9% to 28.4m teu, according to preliminary estimates released Thursday by the Maritime and Port Authority (MPA) of Singapore.
However, the growth was not enough to fend off the rise of Shanghai. The Shanghai Daily newspaper on Wednesday reported that Shanghai took Singapore's crown as the world's biggest container port, saying it handled 29.05m teu in 2010, about 620,000 units more than Singapore. Singapore has been the world's largest container destination since 2005.
Singapore's MPA also reported that the total volume of bunker fuel sold in the port of Singapore grew 12.3% to reach a record 40.9m metric tons, the first time that bunker sales crossed the 40 million metric tons mark.?Singapore's Registry of Ships grew 6.9 per cent or 3.2m gross tons (gt) in 2010 to 48.8m gt, capping off a banner year for the Lion Republic. [07/01/11]

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