Port of Singapore Pelabuhan Singapura 新加坡港 சிங்கப்பூர் துறைமுகம் | |
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Location | |
Location | Pasir Panjang, Singapore |
Coordinates | 1°15′50″N 103°50′24″E / 1.264°N 103.840°E |
Details | |
Built | 1819 (contemporary version) |
Operated by | PSA International Jurong Port |
Owned by | Maritime and Port Authority of Singapore |
No. of berths | 67 (2019) |
Street access | Ayer Rajah Expressway |
Statistics | |
Annual TEU | 37.2 million (2019)[1] |
Website https://www.mpa.gov.sg |
The Port of Singapore is the collection of facilities and terminals that conduct maritime trade and handle Singapore's harbours and shipping. It has been ranked as the top maritime capital of the world, since 2015.[2] Currently the world's second-busiest port in terms of total shipping tonnage, it also transships a fifth[3] of the world's shipping containers, half of the world's annual supply of crude oil, and is the world's busiest transshipment port. It was also the busiest port in terms of total cargo tonnage handled until 2010, when it was surpassed by the Port of Shanghai.
Because of its strategic location, Singapore has been a significant entrepôt and trading post for at least two centuries. During the contemporary era, its ports have not become just a mere economic boon for the country, but an economic necessity because Singapore is lacking in land and natural resources. The port is critical for importing natural resources, and then later re-exporting products after they have been domestically refined and shaped in some manner, for example wafer fabrication or oil refining to generate value added revenue. The Port of Singapore is also the world's largest bunkering port. The majority of ships that pass between the Indian Ocean and the Pacific Ocean go through the Singapore Strait. The Straits of Johor on the country's north are impassable for ships due to the Johor-Singapore Causeway, built in 1923, which links the town of Woodlands, Singapore to the city of Johor Bahru in Malaysia.