The Port of Singapore currently holds the title as the world’s top transshipment port and the second-busiest port globally, after Shanghai. Photo: Reuters
In cutthroat shipping industry, Singapore’s moves to increase its berth rate are paying off
- The island nation has cemented its role as a global maritime powerhouse thanks to an alliance between its port operator PSA and Japan’s largest ocean carrier ONE
- The deal means all of the world’s three major container shipping alliances – accounting for more than three quarters of global container trade – have come to Singapore
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Singapore
The Port of Singapore currently holds the title as the world’s top transshipment port and the second-busiest port globally, after Shanghai. Photo: Reuters