Port of Singapore has reported a container throughput of 37.3 million TEUs in 2022, which represents a slight decline of 0.7% compared to the all-time record volumes in 2021.
Despite the fall of 3-4% in global container trade, the Port of Singapore achieved its second busiest year in its history.
Singapore is the second busiest container port and the number one bunkering port in the world.
The port also handled 577.7 million tonnes of cargo in 2022, while vessel arrival tonnage hit 2.83 billion gross tonnage.
The port believes that its position as a “trusted, global transshipment hub” was strengthened amidst challenging global economic conditions during the last year.
In 2022, total business spending by shipping companies exceeded US$4.3 billion, and more than 30 companies established or expanded their operations in Singapore, according to Maritime Port Authority (MPA) Singapore. This is more than 30% higher than the number of companies that expanded operations or set up in Singapore in 2021.
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