Friday, January 07, 2011

Port of Singapore led a positive year with growth across the board

As reported on Maritime and Port Authority of Singapore website:

The Port of Singapore experienced a positive year in 2010, showing good growth in all areas. Singapore cemented its global leading position in terms of vessel arrival tonnage and bunker sales. Singapore's container and cargo throughput also improved, reversing the decline seen in 2009. The Singapore Registry of Ships continued to grow and ranks among the top 10 worldwide.

However, we are unlucky enough to seeing commodity rich Australia suffering from floods. The recent floods in Australia have a negative impact on dry bulk stocks because a big portion of the volumes of coke, coal and other bulk commodities will likely decline. Decline in shipment is going to affect the shipping industry.

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