Singapore's shipping industry continues to grow despite challenges
Published on Feb 6, 2014 9:29 PM
Singapore's strong fundamentals enabled the country to register growth last year despite a challenging time for the maritime industry, said Transport Minister Lui Tuck Yew.
He was speaking at the Singapore Shipping Association Lunar New Year cocktail reception at Raffles City Convention Centre on Feb 6.
Mr Lui pointed out that last year was a record year for the port, in terms of container output and vessel arrival tonnage.
Singapore also maintained its position as the world's top bunkering port, he added.
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