Singapore port container volumes continue falling in February
The whole Trade ecosystem is shrinking.
Full-year China-related outbound volumes fell 4.1 percent to 52.7 million tonnes, with double-digit declines booked in shipments to the U.S. (16.1 percent), Japan (11.5 percent), the Philippines (10.1 percent), Malaysia (20.7 percent), Taiwan (32.1 percent), Thailand (18.1 percent) and South Korea (10.1 percent).
Singapore port container volumes continue falling in February
By Lee Hong Liang from Singapore
The port of Singapore has 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 2.41m teu of containers last month, representing a 7.7% decrease from 2.61m teu registered in the same period of 2015, MPA data showed.
Last month’s throughput also declined by 3.2% month-on-month from 2.49m teu recorded in January this year.
In the first two months of 2016, Singapore port recorded a total throughput of 4.9m teu, down 9.1% from 5.39m teu seen in the previous corresponding period.
Published in Asia, Containers, Port & Logistics, News Emails
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