Singapore port container volumes continue falling in February

The port of Singapore handled lower container volumes in February, according to preliminary estimates from the Maritime and Port Authority of Singapore (MPA).

Singapore, the world’s second busiest container port, moved 2.41million TEU of containers last month, representing a 7.7% decrease from 2.61million TEU registered in the same period of 2015, MPA data showed.

Last month’s throughput also declined by 3.2% month-on-month from 2.49million TEU recorded in January this year.

In the first two months of 2016, Singapore port recorded a total throughput of 4.9million TEU, down 9.1% from 5.39million TEU seen in the previous corresponding period.

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