Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n°159

Singapore Freight & Logistics Market

Posted by fidest press agency su sabato, 23 marzo 2019

Singapore has seamless transport connectivity. It has dense sea and road networks for multimodal transshipment, with a Seamless intermodal connectivity between one of the world’s busiest seaports and airports. The airport is less than an hour drive from PSA terminals, the world’s second-largest container port and busiest transshipment hub, with connectivity to over 600 ports.PSA has four container terminals, one multi-purpose terminal, and one vehicle transshipment terminal operational in the country. PSA also has a huge shipping line network of 200 shipping lines, connecting 123 countries with vessels, with a frequency of 60 per day.Changi International Airport is one of the world’s busiest airports for international air cargo, handling over 1.97 million metric ton annually, with transshipment volume accounting for almost half of the throughput, hence regarded as global air cargo hub.Designed to move cargo, like clockwork round the clock, the cold chain facilities, warehouses, and offices at Changi Airfreight Centre (CAC), coupled with the Airport Logistics Park of Singapore (ALPS), are well equipped to cater to all operational needs.Airfreight operations at Changi Airport are centered at the Changi Airfreight Centre (CAC), a 24-hour Free Trade Zone, where transshipment cargo can be broken down and reconsolidated with minimal Customs formalities.Insights on Maritime Transport and Role of Singapore as a Key Transhipment Hub. Port of Singapore is recognized as the busiest container transshipment hub in the world. The strategic geographical location of the country serves as a gateway to ASEAN countries and the rest of the world, and has a connection with more than 600 ports in over 120 countries. Owing to the excellent quality and services, world-class infrastructure, and consistent R&D activities, the maritime sector has gained traction over the past few years. Despite the decreased trend in the container volume of the major transshipment hubs, like Hong Kong, and fierce competition from neighboring ports in Malaysia, the container traffic at the Singapore ports reached 33.7 million TEUs in 2017, which represented an increase of 8.9%, as compared to 2016. Similarly, the total cargo throughput of the Singaporean ports had registered 627.69 million metric ton in 2017, an increase of 5.8%, as compared to 2016, in which bulk oil cargo recorded a growth of 5.3% in 2017. Owing to the future growth in the container throughput, MPA, along with PSA Singapore, has been expanding the Pasir Panjang Terminal. It is expected that the port capacity will be increased by 50% upon the completion of the expansion process. Additionally, the ports will be able to handle the mega-container ships. To reduce the shipping costs and gain productivity, shipping companies are coming up with mega-alliances. The ports with the capability of handling the mega-alliances gain competitive advantage.

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