The Port of Singapore : a Reflective Essay
[Company Address]
08
Fall
The Port of Singapore
Prepared by : Rajib Das, Student # 38410098
This document discuses about the Port of Singapore and the strategic importance of its location to the modern traders. It also discusses the government incentives and the Advanced Information Technology that the port has been using to attract new shipping companies in the recent past. Anything beyond is not discussed for the limitation of the term paper.
Table of Contents The Port of Singapore 3 Singapore: Strategic Importance of the Geographic Location……………………. 4 The Adoption of IT 6 Government Incentives 9 Competition 10 Conclusions 11 Appendix 12 Citations 16
The port of singapore
Over the last 40 years, the world has been awestruck with the unbelievable growth of the island nation into a major transportation epicentre of global trading. In the 1970s ,the Port of Singapore pioneered the first container port in the history. By 1980’s the port hit its first milestone of handling 1 million TEUs and within the next 10 years by 1990’s (Port of Singapore Annual Reports), the port was handling 5 million TEU (Twenty foot equivalent container units)per annum. Today, about 20 years after the big landmark, the port handles over 28 million TEUs (Port of Singapore Annual Reports) per year making it the second largest port in the entire world after the Port of Shanghai in terms of Container traffic. The container shipments from the Port of Singapore comprise of one fifth of the world’s container shipment volume (Authority). The port also takes immense pride in shipping half of the world’s annual crude oil supply. In terms of total cargo volume, the port handles about 500000 thousand freight tonnes per year (Authority) which makes it the second busiest port in the world after the Port of Shanghai .Today the Port Singapore is connected to 123 ports of the world spreading over 123 countries and 6 continents, making it one of the most important ports of
08
Fall
The Port of Singapore
Prepared by : Rajib Das, Student # 38410098
This document discuses about the Port of Singapore and the strategic importance of its location to the modern traders. It also discusses the government incentives and the Advanced Information Technology that the port has been using to attract new shipping companies in the recent past. Anything beyond is not discussed for the limitation of the term paper.
Table of Contents The Port of Singapore 3 Singapore: Strategic Importance of the Geographic Location……………………. 4 The Adoption of IT 6 Government Incentives 9 Competition 10 Conclusions 11 Appendix 12 Citations 16
The port of singapore
Over the last 40 years, the world has been awestruck with the unbelievable growth of the island nation into a major transportation epicentre of global trading. In the 1970s ,the Port of Singapore pioneered the first container port in the history. By 1980’s the port hit its first milestone of handling 1 million TEUs and within the next 10 years by 1990’s (Port of Singapore Annual Reports), the port was handling 5 million TEU (Twenty foot equivalent container units)per annum. Today, about 20 years after the big landmark, the port handles over 28 million TEUs (Port of Singapore Annual Reports) per year making it the second largest port in the entire world after the Port of Shanghai in terms of Container traffic. The container shipments from the Port of Singapore comprise of one fifth of the world’s container shipment volume (Authority). The port also takes immense pride in shipping half of the world’s annual crude oil supply. In terms of total cargo volume, the port handles about 500000 thousand freight tonnes per year (Authority) which makes it the second busiest port in the world after the Port of Shanghai .Today the Port Singapore is connected to 123 ports of the world spreading over 123 countries and 6 continents, making it one of the most important ports of
Citations: Appendix Table 2. Containers handled at the PSA terminals (source: PSA annual report 2000)