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Singapore port container volumes fall by 7.7% in Feb

Singapore port container volumes fall by 7.7% in Feb

SINGAPORE: The port of Singapore has handled lower container volumes in February, according to preliminary estimates from the Maritime and Port Authority of Singapore (MPA).

Singapore, the world’s second busiest container port, moved 2.41m teu of containers last month, representing a 7.7% decrease from 2.61m teu registered in the same period of 2015, MPA data showed.

Last month’s throughput also declined by 3.2% month-on-month from 2.49m teu recorded in January this year.

In the first two months of 2016, Singapore port recorded a total throughput of 4.9m teu, down 9.1% from 5.39m teu seen in the previous corresponding period.