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            october 24, 2019

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Singapore enjoys record cargo year


Singapore’s container throughput grew 5.3 per cent in 2011 year-on-year, hitting the 29.94-million TEU mark and surpassing the previous record set in 2008 by 0.1 per cent, according to Exim News Service.
However, despite the record-breaking achievement, Shanghai overtook Singapore as the world's biggest container port in 2011 by handling 31.74 million TEUs.
Containerships accounted for 31 per cent of the vessel arrivals while tankers contributed 30.8 per cent. In terms of tonnage, the total number of vessels that called at Singapore’s ports last year grew by 10.5 per cent to 2.12 billion gross tons.
The Maritime and Port Authority of Singapore said in a statement that Singapore was now home to more than 120 international shipping groups, providing employment to more than 170,000 people and contributing seven per cent to the GDP.

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