Figures from the Hong Kong Marine Department show the port handled 2.1 million TEU in May, an increase of 1.6 per cent over the 2.01 million in May last year. Month-to-month growth was up from the 2.04 million TEU handled in April.
State-owned Singapore port authority (PSA) reported a 12.3 per cent increase in container movement in the first five months of the year, having handled 12.1 million TEU, compared to 10.7 TEU in the same period last year.
Singapore said it plans to spend S$2 billion (US$1.45 billion) to expand its port capacity by 40 per cent over the next five years.
State-owned Singapore port authority (PSA) reported a 12.3 per cent increase in container movement in the first five months of the year, having handled 12.1 million TEU, compared to 10.7 TEU in the same period last year.
Singapore said it plans to spend S$2 billion (US$1.45 billion) to expand its port capacity by 40 per cent over the next five years.