Industry News

Singapore Builds New Container Port


SINGAPORE: Singapore, the world’s second-busiest container port, has started building a harbour to double the island-city’s capacity to meet growing demand.

The first of a four-phase development of the deep-water port in the western part of Singapore started last Friday, the Maritime and Port Authority of Singapore said in a statement.

The initial stage would have 20 berths, with a capacity to handle 20 million 20-ft containers a year when completed, the government said.

Singapore is one of many countries in the region spending billions of dollars to add port capacity as trade within the continent expands at a faster pace than between Asia and Europe.

The project is also aimed at attracting a growing number of large vessels plying the Asia-Europe trade lane. The city-state is building the new port west of the current 1,000ha site, and the annual capacity is set to double to 65 million boxes over about three decades.