Business

Port of Singapore records strong maritime growth in past decade

In particular, container throughput in 2019 hit an all-time high of 37.2 million TEUs amidst challenging global economic conditions.

Published

7 years ago

January 14, 2020

Admin

[vc_row][vc_column][vc_column_text]The Port of Singapore recorded strong growth in the past decade, said Dr Lam Pin Min, Senior Minister of State for Transport and Health at the Singapore Maritime Foundation New Year cocktail reception on Monday (13 January).

In particular, container throughput in 2019 hit an all-time high of 37.2 million twenty-foot equivalent units (TEUs), amidst challenging global economic conditions, he said.

Dr Lam also announced Andreas Sohmen-Pao, Chairman of BW Group, has been reappointed as Chairman of Singapore Maritime Foundation (SMF) for another two years from 1 January 2020 to 31 December 2021.

The occasion saw five new individuals, namely Simon Kuik from Sembcorp Marine, Ong Kim Pong from PSA, Hor Weng Yew from PCL, Nick Potter from Shell and Caroline Yang from SSA and Hong Lam Marine, being welcomed to the SMF board.

Container & Cargo Throughput and Vessel Arrival Tonnage

Container throughput in Singapore reached 37.2 million TEUs in 2019, an increase of 1.6% from the 36.6 million TEUs registered in 2018. The Port of Singapore handled a total of 626.2 million tonnes of cargo in 2019. The vessel arrival tonnage hit 2.85 billion Gross Tonnage (GT) in 2019.

Bunker Sales

Singapore remains a key bunkering port, registering a bunker sale volume of 47.5 million tonnes in 2019.

Singapore Registry of Ships

The Singapore Registry of Ships continues to rank amongst the top ship registries in the world, reflecting Singapore’s reputation as a quality flag of choice for international ship owners. The total tonnage of ships under the Singapore flag reached 97.3 million GT in 2019.

The details of Singapore’s maritime performance from 2010 to 2019 are listed below:

Singapore’s Maritime Performance from 2010 to 2019 Year	Vessel Arrival Tonnage (billion GT)	Container Throughput (million TEUs)	Cargo Throughput (million tonnes)	Bunker Sale Volume (million tonnes)	Tonnage under Singapore Registry of Ships (million GT)
2010	1.92	28.4	503.3	40.9	48.8
2011	2.12	29.9	531.2	43.2	57.4
2012	2.25	31.6	538.0	42.7	65.0
2013	2.33	32.6	560.9	42.7	73.6
2014	2.37	33.9	581.3	42.4	82.2
2015	2.50	30.9	575.8	45.2	86.3
2016	2.66	30.9	593.3	48.6	88.0
2017	2.80	33.7	627.7	50.6	88.8
2018	2.79	36.6	630.1	49.8	90.9
2019	2.85	37.2	626.2	47.5	97.3

Photo credit: Maritime and Port Authority of Singapore
Published: 14 January, 2019[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type=”image_grid” images=”2492,2490,2491″][/vc_column][/vc_row]

Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

Published

15 hours ago

July 21, 2026

Admin

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July).

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions.

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Photo credit: Sora Shimazaki
Published: 21 July, 2026

Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

Published

15 hours ago

July 21, 2026

Admin

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Photo credit: Drew Beamer
Published: 21 July, 2026

LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

Published

15 hours ago

July 21, 2026

Admin

PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post.

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024.

Photo credit: Pacific International Lines
Published: 21 July, 2026