Singapore’s TEU traffic continues to fall

Singapore - Circa January 2016: View on Keppel Harbour and the city skyline from Singapore cable car.

The Port of Singapore’s TEU throughput fell by 5% year-on-year (YoY), according to the Maritime Port Authority’s (MPA) monthly statistics, as the COVID-19 pandemic continued to hurt operations and traffic.

It saw declines in most areas, in particular cargo traffic and vessel arrivals, which both dropped by 12.6% and 37.6% respectively. However, bunker sales increased 10.8% compared to the same time in 2019.

The results mean Singapore looks set to remain the world’s biggest bunkering hub throughout 2020, after it saw similar growth throughout the first quarter.

Singapore, the second busiest port in the world, was one of the badly affected ports on Earth in the early days of the outbreak of coronavirus. Authorities have tried to keep trade as fluent as possible with a number of measures including its regional neighbours.

For example, in March 2020, the Singaporean government agreed with Malaysia to keep the Johor Strait, the narrow body of water that separates them, open throughout the pandemic.

Furthermore, in April 2020, the MPA announced a $27 million fund to support its maritime industry from the worst effects of the crisis.

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