The Port of Singapore holds the title of world’s’s busiest container port. This lofty title means the port handles the largest amount of total shipping tonnage. The port is set to grow by 12.5% in the year 2008 bringing the total throughput of the port up to 27,900,000teu. This growth is largely do to the influx of intra-Asia and Asia-Europe trade. It is Singapore’s strategic location that has made it such a giant in the shipping industry. 20% of the world’s transshipment trade passes through the Port of Singapore. In 2007 transshipments accounted for 5% more then the total of imports and exports of Singapore.
The growth of the Port of Singapore has meant that Phase II of the Pasir Panjang Terminal as been labeled as a major priority. This new addition to the terminal will allow for 10 new container berths, bringing the total to 54. In the years to come Phase III and IV will add another 16 berths to the already impressive port. In order to maintain such growth the port will need to recruit roughly 900 new workers each year.
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