Singapore Ports Set Records in Shipping Arrivals, Container Handling and Bunker Sales in 2023
Singapore’s ports had a bumper year in 2023 despite global trade disruptions, setting records for annual vessel arrival tonnage, container throughput and bunker sales, according to Maritime and Port Authority of Singapore (MPA) data released on Friday (Jan 12).
But with choppy waters ahead for the industry, MPA will reduce the burden on payers of port dues by waiving an existing requirement for security deposits and banker’s guarantees, for those assessed to be of lower risk, announced Acting Transport Minister Chee Hong Tat.
Speaking at the annual Singapore Maritime Foundation New Year Conversations event at Pan Pacific Singapore, Chee described 2023 as a “fruitful year” for the Singapore maritime industry but warned that rough seas lie ahead.
SGX Securities Turnover Value Down 4.8% in December
Total securities market turnover on the Singapore Exchange (SGX) dropped 4.8 percent month on month in December 2023 to S$19 billion, with steady securities daily average value (SDAV) at S$951 million.
On the year, SDAV rose 2 percent, as retail investors drove trading activities on SGX securities for a third consecutive month, with growth across index stocks, real estate investment trusts (Reits), as well as small- and mid-cap stocks, according to SGX’s monthly market statistics report released on Friday (Jan 12).
SGX noted that the SDAV of Reits rose 2 percent on the month, led by a stabilising interest rate environment and net inflows from institutional investors for the first time in a year.
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