Singapore up 10.7%

News

Singapore’s port throughput soared 10.7% in Q1 2024 to nearly 10m TEU, building on 2023’s record 39m, as the new Tuas Port expands.

Speaking at Singapore Maritime Week in April Minister for Transport, Mr Chee Hong Tat, said throughput at the Port of Singapore increased 10.7% in Q1 2024 to reach almost 10m TEU.

The Minister stressed this represents continued growth, as Singapore saw a 4.6% increase in container traffic for 2023, with throughput reaching a new high of 39m TEU.

Progress on the new Tuas Port complex is “progressing steadily” with eight berths in operation today. There are more scheduled to come on stream by the end of 2024.

The Maritime Port Authority of Singapore is now developing a maritime Artificial Intelligence and Machine Learning Digital Hub with Amazon Web Services.

“The Digital Hub will provide opportunities to pilot new and generative AI capabilities for the maritime sector, such as route and fuel optimisation and carbon emissions accounting,” said Chee Hong Tat. “Instead of building this capability on our own, we think it is quicker and better to work with a leading company like Amazon Web Services.

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