Singapore's 2019 Maritime Performance
The Port of Singapore recorded strong growth in the past decade. 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.
Dr Lam Pin Min, Senior Minister of State for Transport and Health, announced the 2019 performance of the Port of Singapore at the Singapore Maritime Foundation New Year cocktail reception. Dr Lam also announced that Mr Andreas Sohmen-Pao, Chairman of BW Group, has been reappointed as Chairman of Singapore Maritime Foundation for another two years from 1 January 2020 to 31 December 2021. For his contributions to Maritime Singapore, Mr Sohmen-Pao was awarded the Public Service Transformation Star Partner Award in 2019.
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.
Singapore remains a key bunkering port, registering a bunker sale volume of 47.5 million tonnes in 2019.
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.
This article was originally published on Marine & Industrial Report newspaper Vol 42 No.1 Issue last February 29, 2020.
