Figures from the MPA show Singapore handled 30.9 million teu in 2015, a drop of 8.7% from the 33.9 million handled in 2014, and the lowest container throughput volume since 2011.
Our elites blamed "challenging business environment". Co-ordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan told a Singapore Maritime Foundation New Year cocktail reception on Wednesday, “2015 was yet another challenging year for many shipping companies. Demand for shipping remained weak due to sluggish trade growth (and) coupled with an oversupply in tonnage".
Meanwhile, Malaysian ports are blooming. Port of Tanjung Pelepas (PTP) Malaysia’s biggest single owned by MMC Corporation Berhad (MMC) has strengthened its position as the busiest container port in Malaysia after hitting an all - time high of 800,000 twenty-foot equivalent units (“TEUs”) in August.
The latest record firmly places PTP on the road to achieve target total container throughput of 9.2million TEUs for 2015. PTP container volume for the first eight months this year has registered a growth of 8.9% compared to the same period last year.
Similary, Malaysia Port Klang register growth of 1.1% to 11.9 million teu compared to 2014.
Singapore's container port reportedly moved an average of 66 containers per hour per ship in 2014, compared Shanghai, which is said to have averaged at about 167 container moves per hour per ship, the highest average in the world for 2014.
The OECD ITF report also showed that Singapore's container movements came up short when compared to Shenzhen which averaged 133 in 2014, Hong Kong which averaged 74, and Malaysia's Port Klang which averaged 69, and the Port of Tanjung Pelepas which averaged 81.
Despite being in world best geographical position, having super talent top leadership and having access to the entire world of foreigner talent as recruitment base, Singapore port productivity appears to be disturbing.
With such leadership and everything going downhill, we may soon become a poor country.