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Singapore August up 5.9pc to 2.6 million TEU, Shanghai up 6.5pc to 3.3 million TEU

THE Port of Singapore's container throughput in August increased 5.9 per cent year on year to 2.68 million TEU, according to figures from the Maritime and Port Authority of Singapore (MPA).

Singapore August up 5.9pc to 2.6 million TEU, Shanghai up 6.5pc to 3.3 million TEU
15 September 2016 - 06:06
Singapore August up 5.9pc to 2.6 million TEU, Shanghai up 6.5pc to 3.3 million TEU
THE Port of Singapore's container throughput in August increased 5.9 per cent year on year to 2.68 million TEU, according to figures from the Maritime and Port Authority of Singapore (MPA).
The volume also increased from month to month with August throughput up 4.3 per cent on the 2.57 million TEU posted in July.
From January to August 2016, Singapore lifted 20.4 million TEU, a decrease of three compared to 21.08 million in the prior year period.
Meanwhile, Singapore's bigger rival for top spot in the container port world, Shanghai, recently posted a 6.5 per cent year-on-year increase in August to 3.31 million TEU. 
Shanghai port also saw improvement to its box volumes on a month-to-month comparison, rising 1.2 per cent from 3.27 million TEU handled in July.
From January to August 2016, the world's busiest container port achieved a total throughput of 24.47 million TEU, marginally higher than 24.25 million TEU posted in the same period last year.
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