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2008 April 23   10:26

Singapore retains 'Best Seaport' title

The port of Singapore has been voted 'Best Seaport in Asia' for the twentieth time. The award was received by the Maritime and Port Authority of Singapore (MPA) at the 22nd Asian Freight and Supply Chain Awards (AFSCA) held Tuesday evening.
''We are greatly appreciative and honoured by the vote of confidence from our industry partners, who have reaffirmed Singapore as their port of choice in Asia,'' said Capt. Khong Shen Ping, acting chief executive of MPA.
''The MPA will continue to work with our maritime partners to ensure that Singapore remains a leading global transhipment hub port, distinguished by its competitiveness and quality of services,'' he said.
The votes were cast based on a number of criteria, such as having a cost-competitive and container shipping-friendly regime, providing timely and adequate investment in port infrastructure to meet future demand, and facilitation of ancillary services including logistics and freight forwarding.
Voters included shipping lines, terminal operators, freight forwarders and shippers from across Asia.
Currently the world's busiest container port and largest bunkering market, Singapore continued to register strong growth on various fronts in the first quarter (Q1).
The port's container throughout in Q1 climbed 7.3 million TEUs, an 11.4% rise over the same period last year.
Bunker sales volume also rose to 8.6 million metric tonnes (mt) in Q1, up 14.% from the corresponding period in 2007.

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