According to MANA, The number of containers handled by the city-state in November 2016 increased 7% year-on-year to 2.57m teu compared to 2.4m teu in the same month in 2015, preliminary data from the Maritime and Port Authority of Singapore showed.
For the 11 months from January to November, Singapore’s port handled 30.67m teu – just 256,000 teu short of the 30.92m teu handled for the whole of 2015. For comparison purposes, container throughput for December 2015 was 2.52m teu.
Container traffic tends to get a seasonal boost in the last quarter of the year as shipments have to reach retailers in time for the Christmas shopping season.
Some other major container ports are also showing growth. Dubai-based DP World reported a 2.2% rise in container throughput at its terminals for the first nine months of 2016, despite what the group’s chairman and chief executive Sultan Ahmed Bin Sulayem described as "challenging market conditions".
Conditions are expected to remain challenging next year as well due to the slow growth in global trade and consolidation among liner operators as a result. Ports will have to continue to focus on cost savings even as they plan to offer more facilities and better technology to draw container ships.