Singapore Tonnage Arrival Reaches New High

Singapore

By MarEx 2015-01-22 03:22:20

Lui Tuck Yew, Singapore’s Minister for Transport, announced the advance estimates of Singapore's 2014 port performance at the Singapore Maritime Foundation New Year cocktail reception saying that annual vessel arrival tonnage reached a record high of 2.37 billion gross tons (GT) in 2014, a 1.9 percent increase over the 2.33 billion GT achieved in 2013. 

Container ships and tankers were the top contributors, each accounting for around 30 percent of total vessel arrival tonnage.

Container throughput hit 33.9 million teu in 2014, rising four percent from the 32.6 million teu registered in 2013. Total cargo tonnage handled last year also rose 3.5 percent over 2013 to reach 580.8 million tons.

Singapore remained the world's top bunkering port in 2014. The total volume of bunkers sold in the Port of Singapore was 42.4 million tons, a slight dip compared to 42.7 million tons in 2013.

The Singapore Registry of Ships maintained its growth momentum last year. Compared to 2013, the total tonnage of ships under Singapore's register grew by 11.7 percent or 8.6 million GT. In 2014, the total tonnage of ships under the Singapore flag climbed to 82.2 million GT, from 73.6 million GT in 2013, consolidating Singapore's position as one of the top 10 ship registries in the world.

Singapore continues to attract a diverse range of maritime businesses and is now home to over 130 international shipping groups and a total of 5,000 maritime establishments. The maritime cluster employs more than 170,000 people and contributes some seven per cent to Singapore's gross domestic product.

Details of Singapore's maritime performance from 2010 to 2014 are listed below:

* advance estimates