Thu 24 Apr 2008, 08:37 GMT

Singapore named best seaport in Asia


Port receives award for twentieth time as bunker sales, shipping and cargo tonnage continue to rise.



The Port of Singapore picked up the Best Seaport in Asia title for the twentieth time, attesting to Singapore’s firm standing in the minds of the maritime community as a choice port of call and maritime centre. This prestigious international award was conferred upon Singapore, and received by the Maritime and Port Authority of Singapore (MPA), at the 22nd Asian Freight and Supply Chain Awards (AFSCA) organised by Cargonews Asia, a leading transport publication.

Receiving the award on behalf of the MPA, Capt Khong Shen Ping, Acting Chief Executive said, “We are greatly appreciative and honoured by the vote of confidence from our industry partners, who have reaffirmed Singapore as their port of choice in Asia. The MPA will continue to work with our maritime partners to ensure that Singapore remains a leading global transhipment hub port, distinguished by its competitiveness and quality of services.”

The votes for the award were cast based on a number of guiding criteria, such as having a cost competitive and container shipping-friendly regime, providing timely and adequate investment in port infrastructure to meet future demand, and facilitation of ancillary services, including logistics and freight forwarding. Voters include shipping lines, terminal operators, freight forwarders and shippers from across Asia.

The AFSCA awards are designed to recognise organisations for demonstrating leadership, as well as consistency in service quality, innovation, customer relationship management and reliability. It aims to identify the best cargo transportation players in the world, covering seaports, airports, shipping lines, rail operators, container terminal operators, logistics service providers and other players in the freight and supply chain industries.

The Port of Singapore continues to enjoy the good performance that it achieved last year, with strong growth registered on various fronts in the first quarter of this year. Shipping tonnage of vessel arrivals went up by 14.2 per cent compared to the same period last year to reach 393 million gross tons (GT). Singapore’s container throughput from Jan to Mar 08 climbed to 7.3 million TEUs (twenty-foot equivalent unit), an 11.4 per cent increase over the same period last year. The total cargo tonnage handled rose by 13.1 per cent year-on-year to 131.3 million tonnes. Bunker sales figures reached 8.6 million tonnes, a 14.5 per cent rise for the first quarter of 2008, versus the same period last year.


Panos Mitrou and Yoshikazu Kondo. MOL wins LR technology award for wind-assisted propulsion on LNG carriers  

Lloyd’s Register honours Mitsui O.S.K. Lines for its Wind Challenger decarbonisation work.

Echandia Core marine battery system. Echandia to supply battery system for Incat’s new 78-metre hybrid ferry  

Swedish battery maker Echandia wins first order from Australian high-speed ferry builder Incat.

Martin Vorgod, Global Risk Management. Global Risk Management posts $9.4m pre-tax profit amid low-volatility energy markets  

Danish hedging firm grows client base and broadens product range despite subdued market conditions.

Lloyd's Register grants approval for BeHydro hydrogen engine. Lloyd’s Register grants first type approval for 100% hydrogen marine engine  

BeHydro’s spark-ignited engine, tested in Ghent, operates entirely on hydrogen without pilot fuel.

Truck-to-ship (TTS) LNG bunkering at Port of Palermo. Molgas completes first LNG bunkering operation at Palermo  

Spanish energy firm carries out maiden LNG delivery at Sicilian port.

Maersk 5,900-teu vessel. Tsuneishi China delivers third methanol dual-fuel boxship in series  

Zhoushan shipbuilder hands over another 5,900-teu Maersk container vessel.

Type approval test (TAT) for ME-LGIA ammonia engine. Everllence completes type approval test for ammonia engine ahead of sea trials  

Eight classification societies oversee testing of ME-LGIA ammonia engine at Copenhagen research centre.

Zhong Ran 23 vessel. CPN bunker barge becomes first vessel listed under Hong Kong’s new quality bunkering scheme  

Zhong Ran 23 achieves listing under the Marine Department’s voluntary mass flow metering initiative.

Peder Moller, Bunker Holding. Bunker Holding posts $73m pre-tax profit amid geopolitical headwinds and board overhaul  

Marine fuels exceeds its own expectations despite 4% revenue decline.

Oilmar Board of Directors graphic. Oilmar formalises governance structure with establishment of board of directors  

Dubai-based marine fuels trader Oilmar appoints three-member board.