Singapore port hits a new record high of 3 billion gross tons in vessel arrivals in 2023

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The Institute of Chartered Accountants (ISCA) is responsible for the Singapore Chartered Accountant Qualification (SCAQ)
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The Institute of Chartered Accountants (ISCA) is responsible for the Singapore Chartered Accountant Qualification (SCAQ)
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On December 26, 2023, Singapore’s port has reached an all-time high in arriving ship traffic, recording 3 billion annual gross tons in vessel arrivals so far in 2023.

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Annual vessel arrival tonnage – or the internal volume of all ships that arrive in a year, including their engine room and non-cargo spaces – is a common maritime industry measure of vessel traffic calling at a port.

Singapore’s port reached 1 billion gross tons in 2004 and 2 billion gross tons in 2011.

Between January and November, Singapore’s port handled 35.6 million TEUs of containers, according to the MPA website. It recorded 37.3 million TEUs in 2022 – the second-highest container throughput on record for the country.

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