Port of Singapore Records Positive 2011 Results [REPORT]

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Port of Singapore continued to register good growth in all areas despite a challenging year for the maritime industry

Amid uncertainty in the global economy as well as challenges faced by the maritime industry, the Port of Singapore experienced a positive year in 2011, achieving good growth in annual vessel arrival tonnage, container throughput, cargo throughput and bunker sales.

The good growth propelled the 2011 performance in all of the four port indicators to all time high levels for the Port of Singapore. In particular, Singapore cemented its global leading position in terms of annual vessel arrival tonnage and bunker sales. Annual vessel arrival tonnage crossed the two billion gross tons (GT) mark for the first time in 2011, while bunker sales reached a new record high.

As a leading International Maritime Centre, Singapore continues to attract a diverse range of maritime businesses to establish operations here. Singapore is now home to more than 120 international shipping groups. The maritime cluster employs more than 170,000 people and contributes some seven per cent to Singapore’s Gross Domestic Product. The Singapore Registry of Ships also continued to grow and rank among the top 10 worldwide.

The advanced estimates of Singapore’s port performance were announced by Mr Lui Tuck Yew, Minister for Transport and Second Minister for Foreign Affairs, at the Singapore Maritime Foundation New Year cocktail reception yesterday.

Vessel Arrival Tonnage
Annual vessel arrival tonnage reached 2.12 billion GT in 2011, an increase of 10.5% from the 1.92 billion GT achieved in 2010. Container ships and tankers were the top contributors, accounting for 31.0% and 30.8% of the total vessel arrival tonnage respectively.

Container and Cargo Throughput
Container throughput in 2011 totalled 29.9 million Twenty-Foot Equivalent Units (TEUs), a 5.3% increase over the 28.4 million TEUs recorded in 2010. This is the highest ever recorded for the Port of Singapore, marginally surpassing the previous record set in 2008. Total cargo throughput also increased by 5.4% to 530.5 million tonnes from 503.3 million tonnes in the previous year, also a new record for the Port of Singapore.

Bunker Sales
The total volume of bunkers sold in the Port of Singapore grew 5.6% to register another record high of 43.2 million tonnes, compared to 40.9 million tonnes in 2010.

The Singapore Registry of Ships
The Singapore Registry of Ships grew by 17.6% or 8.6 million GT in 2011. As of end December 2011, the total tonnage of ships under the Singapore flag was 57.4 million GT, putting Singapore among the top 10 ship registries in the world.

Details of Singapore’s maritime performance from 2007 to 2011 are below:

Year

Vessel Arrival

TonnageĀ 

(Bln GT)

Container

Throughput

(Mln TEUs)

Cargo

Throughput

(Mln tons)

Bunker Sale

Volume

(Mln tons)

S’poreĀ Registry

of Ships

(Mln GT)

2007

1.46

27.9

483.6

31.5

39.6

2008

1.62

29.9

515.4

34.9

43.7

2009

1.78

25.9

472.3

36.4

45.6

2010

1.92

28.4

503.3

40.9

48.8

2011*

2.12

29.9

530.5

43.2

57.4

*Advanced estimates