12 Jan '12, 2pm

Singapore's port performance hits new high

Singapore's port performance hits new high

Singapore's port beat several records last year, against the tide of global economic uncertainty and the challenges faced by the shipping industry. -- ST PHOTO: ALPHONSUS CHERN By Jonathan Kwok Singapore's port beat several records last year, against the tide of global economic uncertainty and the challenges faced by the shipping industry. The strong growth in shipping activity here also cemented the Republic's position as one of the world's busiest ports, as it retained top spot in a number of industry-wide indicators. According to advance data announced on Thursday night by Transport Minister Lui Tuck Yew, all-time high levels for Singapore's port were achieved in terms of cargo and containers handled, tonnage of vessels arriving and bunker fuel sales. The early data shows that containers handled last year grew by 5.3 per cent to 29.94 million standard-sized containers, ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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