349 views

Port of Singapore hits record high container throughput of 37.5 million TEUs

This makes Singapore the top leading maritime city in the world, according to DNV.

The Port of Singapore hit a record high container throughput of 37.5 million twenty-foot equivalent units (TEUs) in 2021, retaining its title as the top Leading Maritime City of the World for the fifth consecutive year as per the Norwegian classification society, DNV, and Norwegian consultancy, Menon Economics AS.

Apart from a record high throughput, the port also handled 599.0 million tonnes of cargo last year whilst vessel arrival reached 2.81 billion gross tonnages (GT), and the total tonnage of ships under the Singapore flag stood at 92.3 million GT.

Meanwhile, total bunker sales volume reached 50.04 million tonnes in 2021, of which 49.99 million tonnes were conventional bunkers sales and 0.05 million tonnes were LNG[2] bunker sales. This marks only the second time that bunker sales crossed 50 million tonnes.

S Iswaran, Minister for Transport and Minister-in-charge of Trade Relations, said Singapore will focus on four thrust—resilience, digitalisation, decarbonisation, and talent—to allow Singapore’ maritime industry to emerge even strong.
     
Meanwhile, Iswaran also reported that the Maritime and Port Authority of Singapore awarded close to $3m of funding to eight projects that will allow for the digitalisation of the maritime industry, and will support the effort of SGTraDex in data sharing across bunkering stakeholders.

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.