Singapore port container volume up 12pc in March
PSA International Pte Ltd and Jurong Port Pte Ltd, Singapore's port operators, handled 12 per cent more containers last month in the city-state, the world's busiest port, boosted by trade and economic growth.
Singapore's port handled 2.29 million 20-foot standard containers in March, compared with 2.05 million boxes a year earlier, the Maritime and Port Authority of Singapore said on its website on Saturday.
Shipping lines such as A.P. Moeller-Maersk A/S are moving more containers as demand for low-cost goods made in Asia by consumers in the US and Europe increases.
Global export volumes may rise 7.5 per cent this year, the Asian Development Bank said last month.
Asia's developing economies will grow 7.6 per cent this year, the Manila-based bank said last month, a rate faster than the 7.1 per cent it estimated in September.
In the first three months, Singapore handled 6.58 million containers, 14 per cent more than the same period last year, according to the port authority.
Singapore overtook Hong Kong as the world's busiest container port in 2005, the first time in seven years, as competition from Shenzhen and other Chinese ports slowed growth at the northern Asian city's terminals.
Singapore's port handled 2.29 million 20-foot standard containers in March, compared with 2.05 million boxes a year earlier, the Maritime and Port Authority of Singapore said on its website on Saturday.
Shipping lines such as A.P. Moeller-Maersk A/S are moving more containers as demand for low-cost goods made in Asia by consumers in the US and Europe increases.
Global export volumes may rise 7.5 per cent this year, the Asian Development Bank said last month.
Asia's developing economies will grow 7.6 per cent this year, the Manila-based bank said last month, a rate faster than the 7.1 per cent it estimated in September.
In the first three months, Singapore handled 6.58 million containers, 14 per cent more than the same period last year, according to the port authority.
Singapore overtook Hong Kong as the world's busiest container port in 2005, the first time in seven years, as competition from Shenzhen and other Chinese ports slowed growth at the northern Asian city's terminals.