𝙋𝙤𝙧𝙩 𝙤𝙛 𝙎𝙞𝙣𝙜𝙖𝙥𝙤𝙧𝙚 𝙖𝙘𝙝𝙞𝙚𝙫𝙚𝙙 𝙣𝙚𝙬 𝙝𝙞𝙜𝙝𝙨 𝙞𝙣 𝟮𝟬𝟮𝟰
Thanks to the tripartite efforts and support of the global maritime community and partners, the Port of Singapore set new 2024 highs for vessel arrivals, container throughput, bunker sales, alternative fuels and in the Singapore Registry of Ships.
𝗩𝗲𝘀𝘀𝗲𝗹 𝗮𝗿𝗿𝗶𝘃𝗮𝗹𝘀
The gross tonnage (GT) of vessel arrivals reached a new high of 3.11 bil GT. Bulk carriers, container ships and tankers each contributed to over 30% of total vessel arrival tonnage. Arrivals of bulk carriers hit a record. This milestone reinforces S'pore’s role as a global hub for various vessel types, supporting the trading of commodities and transshipment.
𝗖𝗮𝗿𝗴𝗼
Cargo throughput increased by 5.2% to 622.67 mil tonnes in 2024. Container throughput from PSA terminals and Jurong Port crossed the 40 mil TEU mark and grew by over 2 mil TEUs from 2023 to reach 41.12 mil TEUs.
𝗕𝘂𝗻𝗸𝗲𝗿 𝗳𝘂𝗲𝗹𝘀
Total bunker sales set a new high of 54.92 mil tonnes, with a 6.0% year-on-year increase.
For the first time, sales of alternative bunker fuels exceeded one million tonnes to reach 1.34 mil tonnes, driven by sales of biofuel blends, LNG and methanol. Sales of methanol reached 1,626 tonnes, and 9.74 tonnes of ammonia was bunkered over a few operations for the first time globally. This reflects the readiness of Singapore to support the multi-fuel transition.
𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝘆 𝗼𝗳 𝗦𝗵𝗶𝗽𝘀 (𝗦𝗥𝗦)
Total tonnage of the SRS exceeded 100 mil GT - from 99.6 mil GT in 2023 to 108 mil GT in 2024. This is testament to the high quality of the Singapore flag trusted by the shipping community. #MaritimeSG supported various SRS shipowners in their overseas operations.
𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗠𝗮𝗿𝗶𝘁𝗶𝗺𝗲 𝗖𝗲𝗻𝘁𝗿𝗲 (𝗜𝗠𝗖)
We continued to grow as an IMC, and are now home to close to 200 international shipping groups. Total business spending by key maritime companies increased to S$5.2 bil. We also partnered more than 30 maritime companies in shipping, insurance, shipbroking and MarineTech to expand their footprint.
As part of the pro-enterprise rules review, we will continue to help lower systemic costs. Measures included waiver of security deposits for companies with lower credit risks and night-tow for barges.
For 2025 which is SG60, we expect steady growth given the reconfiguration of shipping alliances, growth of regional trade and supply chains.
Building on the strong partnership with our tripartite and global partners, we will continue to upskill and support our maritime workforce.
We look forward to maintaining good momentum for #MaritimeSG, and good progress at the regional and international fronts including at the International Maritime Organization. We will host the inaugural General Assembly of the new International Organization of Marine Aids to Navigation next month and welcome delegates to S'pore!
Full media release: http://bit.ly/3ChLWxW
