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Adjusting to difficult times

Amid weak global economic conditions and structural changes in the maritime sector, MPA and PSA have implemented help measures for container lines

Published Tue, Jan 19, 2016 · 09:50 PM

LAST week's column touched on the parlous state of the container-shipping industry. It so happened that it was published on the same day the Maritime and Port Authority of Singapore (MPA) issued a statement on its performance last year.

The MPA said that the Port of Singapore had put in a mixed performance in 2015, amid weak global economic conditions and structural changes in the maritime industry.

The good news was that advance estimates showed that vessel arrival tonnage grew 5.6 per cent, and Singapo…

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