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News / Business/ Port of Singapore records strong maritime growth in past decade

Port of Singapore records strong maritime growth in past decade

14 Jan 2020
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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

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