Despite global challenges, Maritime Singapore recorded an impressive performance in 2024. The Maritime and Port Authority of Singapore (MPA) released its annual report highlighting major achievements, initiatives, and strategic partnerships, with a strong focus on decarbonisation and digitalisation.
2024 Performance Highlights
In a year marked by uncertainties in global trade, Singapore’s maritime sector continued to shine:
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3.11 billion GT in vessel arrivals
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41.12 million TEUs in container throughput
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54.92 million tonnes in bunker sales
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1.34 million tonnes were alternative fuels
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S$5.2 billion in total business spend by maritime firms under MPA’s oversight
These milestones reinforce Singapore’s status as a leading global maritime hub, resilient in the face of disruption.
Strategic Focus: Decarbonisation and Digitalisation
MPA reaffirmed its commitment to net-zero emissions by 2050, citing progress in the use of alternative fuels and green shipping practices.
Key sustainability initiatives include:
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Expansion of alternative fuel bunkering infrastructure
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Increased uptake of low-carbon fuel volumes
On the digitalisation front, MPA launched:
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The Digital Bunkering Initiative, streamlining and securing fuel transactions
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Maritime Innovation Lab 3.0 (MIL3.0), to test cutting-edge tech in port operations
Backed by collaborations with global and tripartite partners, Maritime Singapore remains on a transformative journey towards sustainable, digital, and resilient growth. As MPA looks ahead, it aims to further elevate Singapore’s position as a smart and green maritime hub.
In related developments, Mr. Teo Teng Seng, Advisor at Pacific International Lines, was elected President of the Singapore Shipping Association, succeeding Ms. Caroline Yang—signaling continued leadership renewal in the sector.
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Source: SMI
