Singapore: Forget Hong Kong, our biggest rival now Shanghai

For the full year ended 2013, Singapore’s port witnessed a 2.9% year-on-year increase in container volumes to 32.6 million TEUs, a figure that again dashed its hope to re-capture the world’s busiest title from Shanghai (China), who ousted the Southeast Asia city-state from the top position since 2010. Shanghai registered an annual throughput of 33.6 million TEUs in 2013. On its part, Singapore is home to about 130 shipping groups, with the shipping and maritime sectors contributing some 7% to the country’s GDP. The island is also responsible for 20% of the global ship repair market, with one-fifth of the world’s vessels being repaired at Singapore’s harbor.

Shanghai now directly threaten Singapore in shipping, trade and finance

Singapore’s Minister for Transport Lui Tuck Yew said 2013 was a challenging year as shipping companies grapple with high energy costs and overcapacity. He added that the shipping industries need to continue to reposition themselves to stay competitive. “We did not quite close the gap with Shanghai, but I think we pulled ahead of those in third and fourth places behind us. We maintained our position as one of the world’s busiest port by vessel arrival tonnage with 2.33 billion gross tonnes (GT), an increase of 3.2% from 2012.”

Meanwhile, Shanghai celebrates as it retains the throne to the planet’s busiest port, moving closer towards its goal of becoming a global shipping hub. Container volumes rose 3.3% to a record 33.6 million TEUs last year, official data revealed yesterday. The city first became the world’s biggest container port in 2010 when it surpassed Singapore. Local transport authority said Shanghai will accelerate the shipping sector’s development this year on the back of the new pilot free trade zone, in hope to defend its lead against Singapore.

Shenzhen in 30 years: an emerging Hong Kong?

In 2012, the world’s third and fourth busiest port were Hong Kong and [b]Shenzhen /b respectively. The year 2013 however, was an unhappy one for Hong Kong as a strike affected throughput and export volumes continued to fall. Due to that, industry insiders are now predicting Shenzhen to overtake Hong Kong for the third place. While full year data is not yet available, in the first 11 months of 2013, Hong Kong handled 20.36 million TEUs, dropping 5.2% from the previous year. In contrast, Shenzhen’s throughput rose 1.2% to 21.3 million TEUs.

The 2013 statistics for Busan (South Korea), the fifth busiest port, is not ready, but the President of Busan Port Authority (BPA) has said that he is confident the port will achieve a minimum 17 million TEUs last year. The Nikkei Asian Review, on the other hand, paints a pessimistic picture for Japan, “Things were not always this way. Back in 1980, Tokyo handled about the same volume as Busan. Kobe was number four in the world, now it plunges to 53rd.” Japan’s current busiest hub, the Port of Tokyo, was ranked 29th in 2012, a hint of how far the Asian giant has fallen throughout its 2 decades of economic stagnation.

The world’s busiest ports, 7 of the top 10 are in China

Container volumes in [b]Ningbo /b, the 6th busiest port, was up by as much as 7%, leading to a likehood of an overtaking of the South Korean port. The Chinese port now ranked 3rd in mainland China and 6th worldwide. Among the world’s 30 largest ports, Ningbo has seen the fastest growth over the past decade. The government of Ningbo is excited. It has stated its aim of developing a major international port and has been investing aggressively in making that a reality. “There is a possibility that Ningbo may even overtake Hong Kong and Shenzhen. Ningbo’s rapid development harkens back to its tradition of being an important port in Chinese history. The city has been a port since the Han dynasty 2,000 years ago. Ningbo people have it in their blood to create a major port,” said Ningbo Port president Li Linghong.

Guangzhou-Nansha (China), [b]Qingdao /b, Dubai (United Arab Emirates) and [b]Tianjin /b rounded up the rest of top ten. Perhaps a sign of how the global economic axis has shifted in the past 20 years, ports in the West completely disappeared from the list with Rotterdam, the last of western ports ranked no.10 in 2011, stepping down to the 11th position in 2012. This theoretically ended almost 500 years of western dominance in maritime trade dated back to the Portuguese empire.

The 2013 international PISA exam score: Singapore would face problems challenging Shanghai

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Looking at the statistic…

Japan export many of the product for the world, i didn’t see Japan port is on the list?

Why? Many products we use everyday is from Japan, their port are suppose to be busy as heck.

[quote=“Athrun_zala_faith”]Looking at the statistic…

Japan export many of the product for the world, i didn’t see Japan port is on the list?

Why? Many products we use everyday is from Japan, their port are suppose to be busy as heck.[/quote]

well when compared to the “factory of the world”, japan’s export is pathetically small in amount…

Check the electronic components in major electronic brand.

Which country manufacture electronic components for almost all major brands ofelectronic/electrical products? China, right?

very interesting article. worth reading