The Business Times

Singapore container throughput dips 0.9% in 2020, with port staying open amid pandemic

Annabeth Leow
Published Wed, Jan 13, 2021 · 06:49 PM

SHIPPING containers with a volume of 36.9 million Twenty-foot Equivalent Units (TEUs) passed through the Port of Singapore last year, down by 0.9 per cent from the figure for the year before.

Singapore's container throughput was stable, even with the Covid-19 pandemic, noted the Maritime and Port Authority (MPA) on Wednesday.

With the port staying open, vessel arrival tonnage rose by 1.7 per cent to a record 2.9 billion gross tonnes.

Bunkering sales rose 5 per cent to 49.8 million tonnes, but cargo throughput fell by 5.8 per cent year on year to 590.3 million tonnes, which the MPA attributed to a decline in oil cargo volumes handled.

Ships registered under the Singapore flag had a total tonnage of 95 million gross tonnes at end-2020, down by 2.4 per cent on the year before.

Still, Singapore continued to facilitate essential goods and cargo flows, despite the impact of global supply-chain disruptions on port productivity, said Senior Minister of State for Transport and Foreign Affairs Chee Hong Tat.

A NEWSLETTER FOR YOU
Friday, 8.30 am
Asean Business

Business insights centering on South-east Asia's fast-growing economies.

He stressed that the government will continue to support the maritime industry in areas such as connectivity between air and sea freight.

For instance, high-value, time-sensitive goods such as electronic parts are made in Batam and shipped to Singapore by sea, and then flown to other countries in a new one-day express cargo solution rolled out this month.

"The government will continue to keep Singapore as a trusted hub for maritime operations - one that is underpinned by stability, adherence to the rule of law and pro-business policies," said Mr Chee.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here