24
Fri, Jan

Singapore Achieved Record Growth in 2024

World Maritime

Singapore’s annual vessel arrival tonnage, total tonnage of ships under the Singapore flag, container throughput, total bunker sales and sales of alternative bunker fuels, reached new highs in 2024. Cargo throughput handled

Singapore’s annual vessel arrival tonnage, total tonnage of ships under the Singapore flag, container throughput, total bunker sales and sales of alternative bunker fuels, reached new highs in 2024. Cargo throughput handled at the port of Singapore also increased in 2024.

The annual vessel arrival tonnage in the port of Singapore grew by 0.6%, reaching a new record of 3.11 billion gross tonnage (GT), up from 3.09 billion GT in 2023. The key shipping categories - bulk carriers, container ships and tankers - each accounting for close to a third, contributed to over 90% of Singapore’s vessel arrival tonnage in 2024. Arrivals of bulk carriers also hit a record high in 2024.

Cargo throughput handled at the port of Singapore also rose to 622.67 million tonnes, an increase of 5.2% from 592.01 million tonnes in 2023.

Container throughput from both PSA terminals and Jurong Port crossed the 40 million TEU mark for the first time, growing by 5.4% and reaching a new record of 41.12 million TEUs compared to 39.0 million TEUs in 2023. Around 90% of Singapore’s container throughput is for transshipment to other destinations. Singapore remains the largest container transshipment hub in the world.

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