SINGAPORE, the world's second largest container port, handled 37.3 million TEU last year, a year-on-year decline 0.7 per cent in 2022, reports the UK's Seatrade Maritime News.
In announcing results, Transport and Finance Minister Chee Hong Tat also noted that the global container trade fell three to four per cent in 2022.
'Importantly, we retained our position as the world's largest transshipment port. And during the pandemic, we enhanced Singapore's connectivity and strengthened our position as a catch-up port for shipping lines, contributing to the resilience of global supply chains,' said Mr Chee.
singapore also retained its position as the world's largest bunkering port in 2022 despite reporting a 4.3 per cent dip in volumes sold compared to 2021 to reach 47.9 million tonnes last year. The volume of bunker sold last year was also lower than 2020 when 49.8 million tonnes of bunkers were delivered in the port. The overall fall in bunker sales for 2022 came despite a sharp upturn in the second half of the year.
'Volumes dipped particularly in the first half of 2022 when the Russia-Ukraine war led to supply chain disruptions and higher bunker prices globally,' Mr Chee said.
Bunker sales in Singapore have since recovered with a rise in sales volume by 9.5 per cent to the first half of 2022.
On the alternative fuels front Singapore saw 15 LNG bunkering operations conducted in its port last year. Progress was seen in the supply of biofuels with more than 90 bunker operations delivering over 140,000 tonnes of biofuel blends to vessels.
SeaNews Turkey
In announcing results, Transport and Finance Minister Chee Hong Tat also noted that the global container trade fell three to four per cent in 2022.
'Importantly, we retained our position as the world's largest transshipment port. And during the pandemic, we enhanced Singapore's connectivity and strengthened our position as a catch-up port for shipping lines, contributing to the resilience of global supply chains,' said Mr Chee.
singapore also retained its position as the world's largest bunkering port in 2022 despite reporting a 4.3 per cent dip in volumes sold compared to 2021 to reach 47.9 million tonnes last year. The volume of bunker sold last year was also lower than 2020 when 49.8 million tonnes of bunkers were delivered in the port. The overall fall in bunker sales for 2022 came despite a sharp upturn in the second half of the year.
'Volumes dipped particularly in the first half of 2022 when the Russia-Ukraine war led to supply chain disruptions and higher bunker prices globally,' Mr Chee said.
Bunker sales in Singapore have since recovered with a rise in sales volume by 9.5 per cent to the first half of 2022.
On the alternative fuels front Singapore saw 15 LNG bunkering operations conducted in its port last year. Progress was seen in the supply of biofuels with more than 90 bunker operations delivering over 140,000 tonnes of biofuel blends to vessels.
SeaNews Turkey
