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Tuesday, January 16, 2018

Singapore port handing capacity had increased by 10% in 2017.

http://www.seatrade-maritime.com/news/asia/psa-global-container-volumes-up-9-8-to-74-2m-teu-last-year.html

Singapore port handling capacity volume in TEU:
2011 = 29.94m
2012 = 31.65m
2013 = 32.6m
2014 = 33.87m
2015 = 30.9m
2016 = 30.59m
2017 = 33.35m
Singapore's port handling capacity volume increased by almost 10% in 2017 which was a good news.  However, we do not expect this growth to be continued for the next few years because other upcoming ports will start to operate fully soon and the emergence of the Arctic lane will thwart the continual growth of the South East Asia lane.
Initially, we expected SG port to decline in its handling capacity in 2017 because we overestimated China's animosity towards SG and would try to bypass or cut down its dependence on SG port.  However, China has shown that it has the patience to deal with any adversity with its strategic planning (OBR initiative).

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