One Minute, Singapore Port Handles over 1,000 Tons of Cargo

About 1000 words, the reading time is expected to be 5-6 mins~

Every minute that passes, 250 babies are born,?the world suffers four earthquakes, and Singapore ports handle more than 1,000 tons of cargo. Singapore is known as "the premier global hub port". "The most technologically advanced and efficient shipbuilding and ship repair facilities in Southeast Asia", "Asia's largest transshipment center", "one of the world's largest bunkering ports", these are all labels of the Port of Singapore.?So what are the charms of the?Singapore?Port?

Deep-water port and strategic location make?the port as one of the busiest in world trade

The Singapore Port is located at the southern end of the Malay Peninsula, on the southern coast of the Singapore Peninsula, to the southeast of the Straits of Malacca in the west and to the north of the Straits of Singapore in the south.?It?is an essential port for all near-ocean routes in the Far East.

The deep-water port and strategic location ensure the port as the busiest in world trade.?The Port of Singapore can handle most types of cargo and provide all ship repair and supply services, including ship bunkering. It?is the most important bunkering station worldwide, selling nearly 50 million tons of fuel annually, and currently offers ship-to-ship LNG bunkering.

After being overtaken by Shanghai Port in 2005, the Singapore?Port?has steadily maintained its second position in terms of throughput until 2019.?It?is the second busiest port in the world, accounting for one-fifth of global freight?trade. Due?to its composite operations strategies, Singapore Port and its transshipment business have?grown in importance to Singapore's economic and social development, contributing not only to about 7% of Singapore's GDP, but also creating around 170,000 jobs.

The Singapore?Port?is strategically important as it is the main shipping route between the Pacific Ocean and the Indian Ocean. It has become one of the busiest ports in the world, with more than 250 routes to and from all over the world, more than 130 shipping companies of all kinds of ships from about 80 countries and regions?in and out of the port day and night, an average of every 12 minutes a ship in and out. Within a year, the equivalent of the world's existing cargo ships are berthed in Singapore once, so Singapore has "the world's highest utilization rate of the port" of the name.

Numerous free trade zones to facilitate transit?trade

Singapore has seven Free Trade Zones (FTZ), six for maritime cargo and one for air cargo (Singapore Changi Airport), and offers a wide range of facilities and services for the storage and transit?of dutiable goods and controlled goods. The goods are stored in the FTZ?and do not require any customs documentation before entering the market. They can also be processed and re-exported with minimal customs formalities.

The in-port FTZ?facilitates transit?trade and promotes the handling of transshipment cargo. Free 72-hour storage service for import/export conventional and container cargo, and free 14-day storage service for transshipment/re-export cargo.

Trading activities in Singapore port are focused on energy and chemical products such as oil, chemicals and LNG, as well as being an important container transshipment port. With its high level of technology and expertise in ship repair and maintenance, the port of Singapore has become a repair and maintenance center for many ships in the Asian region.

"Starting"?from the port, a qualitative leap?with AI?and big data

To talk about Singapore's "starting" industry, which is also the core pillar industry, it is necessary to talk about the port. Although Singapore's service, financial and medical industries are very strong, the importance of the port has never faded from people's view.

Currently, the world's largest container terminal is under construction in the western part of the Tuas harbor?area. When all four terminals are completed, all of Singapore's container port operations will be consolidated into this one area. The project is expected to be completed in 2040 at a cost of up to SGD20 billion, equivalent to over RMB 100 billion. By then, it will be the world's largest automated port, capable of handling 65 million TEU?containers?per year, nearly twice the number it handles today, taking its?throughput straight up a level.

To maintain such a huge volume of trade in the Singapore?port, in addition to expanding the size of the port,?the most important method?is to increase the level of intelligence in the port.?This is made possible by?the application of technological tools such as artificial intelligence, the analysis of data from the ship, the port and various other agencies, which?ensures?that the ship can arrive and depart on time.

The Maritime and Port Authority of Singapore (MPA) utilizes shared data provided by?relevant service?institutions?such as ports, ships and bunkering teams to ensure that ships are serviced immediately upon docking, resulting in faster turnaround times. Digitize?the ship entry and departure process,?allowing?ships to?submit ship, health and immigration documents upon entry into Singapore,?simplifying?the process of customs clearance, and saving shipping companies over 100,000 man-hours annually!

E-PORTS is such a digital platform that can provide ship in-port service solutions, using big data to reduce the number of "non-sharing and duplication of work", thus improving the efficiency of ship entry and exit.?Furthermore, E-PORTS also provides ship?bunkering services in Singapore port, using port Line-up data?to reasonably arrange?ship entry and exit and bunkering time.?You can go to E-PORTS platform?to consult the?real-time fuel prices and bunkering business.

Singapore and Maritime Silk Road

The Maritime Silk Road has gone through several stages in its long historical evolution. During the first millennium of the Chinese entry into the South China Sea and the Maritime Silk Road, it was the Malays and Arabs who traveled most frequently along this route. By the 9th century, wealthy commercial kingdoms were established on both the northern and southern ends of the Straits of Malacca.?The port of Singapore flourished due to the growing demand for Southeast Asian exports and Indian Ocean goods from the Chinese market, and the transshipment of many goods through Southeast Asia to China. Until today, Singapore has occupied the center stage of the Maritime Silk Road.

*Some images come from Internet, if there is any infringement, please contact us