Can Port Of Singapore Regain Top Spot?

2306

singapore.jpg

BMI Research specialises in global analysis of macroeconomic trends and ranks international ports.  Shanghai deposed Singapore as the world’s largest port in 2010 in terms of the size of its global container handling facilities and has held the title since.

Singapore Business Review quotes BMI Research as stating: “For the port of Singapore to retain its position as the premier Asian transhipment hub and battle the port of Shanghai for first position, Singapore must continue to expand and keep up with shipping trends.  The port has been slow to keep pace with the ‘bigger is better’ trend in the container box shipping sector, with the port not featuring on the route of the 18,000TEU capacity Triple E-Type, the first of which was launched by Maersk Line in July 2013”.

“Hong Kong is the Asian transhipment point for this vessel.”  BMI forecasts that by 2019, the Port of Singapore will see container throughput figures reach around 37 million TEU.

Source: Singapore Business Review