09 Mar '11, 4am

No surprise that Shanghai, not Singapore, is busiest port in the world

THE news that Shanghai overtook Singapore as the world's busiest container port last year does not come as a surprise given China's surging economy in recent years, said Second Minister for Transport Lim Hwee Hua in Parliament yesterday. But it will not come at Singapore's expense, she said: 'As China's import and export volumes increase, we can expect Shanghai and the other gateway ports in China to continue to expand in tandem.' 'In fact, China's prosperity will continue to be a plus for us, as a significant portion of our container volumes comes from or goes to destinations in China.' Despite a 10 per cent increase in container volume here last year, it was the first time since 2005 that Singapore was not ranked as the world's busiest port. Mrs Lim was responding to Dr Lim Wee Kiak (Sembawang GRC), who had asked about the competitiveness of Singapore's port globally. Re...

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

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