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2008 December 16   06:34

Singapore PSA Jan-Nov container traffic up 8.8 pct

State-owned Singapore port operator PSA International said its Singapore terminals moved 8.8 percent more containers in the first 11 months of 2008 from a year ago.
The firm, which runs ports in Singapore and overseas, said in a statement on its website (www.singaporepsa.com) that it handled 26.86 million twenty-foot equivalent units (TEUs), a standard industry measure, compared with 24.69 million TEUs in the same period last year.
However, figures from the Maritime and Port Authority of Singapore said preliminary estimates showed total container throughput in November dropped 1.5 percent from a year earlier and 9.3 percent from the previous month.
The figures could signal a further hit for Singapore's exports, which fell sharply in October as the global economic crisis hurt demand in the country's key trading partners such as the United States and Europe. PSA, whose Singapore container terminals are the world's busiest, also runs ports in many countries including China, India, Italy and the Netherlands.

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