Page 1 of 2 12 LastLast
Results 1 to 20 of 21

Thread: Kudos to outgoing PSA Chief Tan Chong Meng!

  1. #1
    Join Date
    Aug 2017
    Posts
    138
    My Reputation Points: 222 / Power: 0

    Default Kudos to outgoing PSA Chief Tan Chong Meng!

    Tan Chong Meng had did Singapore proud. Last year was a difficult year in global trade and he managed to get more containers and ships tranship in Singapore. He is ending his stint with a big bang. He is in the league of J. Y. Pillay who built SIA into a world class airlines.

    Now we managed to beat Malaysia harder despite the massive support that China gave them.
    Really not easy for him.

    http://www.themalaymailonline.com/ma...rms-ship-south

    - More firms have shifted their operations away from Port Klang to Singapore under a new alliance agreement that has hit Malaysia’s main shipping hub hard. It noted further that many of Malaysia’s investments are partnerships with China, yet one of the country’s biggest companies and the world’s fourth largest player, the Ocean Alliance, made a huge shift from Klang to port operator PSA Singapore’s terminal in April.

    - State-owned China Cosco Shipping is also among the member companies of the alliance. “Only Kuantan Port has Chinese equity so far because it also aids Beijing’s South China Sea claims,” former Port Klang Authority chairman Lee Hwa Beng told The Straits Times. “Other infrastructure plans have either not taken off or are only loans, or worse, just Chinese companies winning construction deals,” he added.

    - Cargo throughput was down by a sharp 8.4 per cent in the second quarter of this year to 3 million twenty-foot equivalent units (TEU) after nearly four years of increasing loads, according to data compiled from Northport and Westports, the two operators in Klang. This followed an almost stagnant growth of 0.9 per cent in the previous quarter. Westports, which controls three-quarters of Klang’s total capacity, saw this year’s cargo volume decline by 7 to 12 per cent while next year’s prospect remains “murky”, the paper quoted UOB-Kay Hian’s analyst Kong Ho Meng as saying.

    - Port Klang is reportedly the only world’s top 20 ports to see a drop in volume in the first half of this year. Quoting government and industry sources, the paper said Chinese companies designated to take a stake in these two projects have had reservations over their viability.




    MAKE SINGAPORE GREAT AGAIN!

  2. #2
    Join Date
    Sep 2008
    Posts
    7,010
    My Reputation Points: 152 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    I dunno why sinkies are wary of competiton from neighbouring countries.when it comes to ports and shipping and probably airlines, nobody can beat singapore due to location and supporting industries.

  3. #3
    Join Date
    Aug 2017
    Posts
    138
    My Reputation Points: 222 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by syed putra View Post
    I dunno why sinkies are wary of competiton from neighbouring countries.when it comes to ports and shipping and probably airlines, nobody can beat singapore due to location and supporting industries.
    i beg to differ. On macro front, last year was super tough. HK's port almost got killed.
    On micro, people pinpointed and bully us like shit and Chong Meng put up a fierce resistance.
    So he did very well. This kind of people can lead our GIC and Temasek.

    Airlines
    SIA did not do well and got tramped by the Middle East powerhouses.
    Tiger and Scoot are always behind AirAsia and Jetstar, and probably VietAir.

    Shipping
    Our NOL got killed and we are only left with PIL and Singapore Shipping Corp.

  4. #4
    Join Date
    Sep 2008
    Posts
    7,010
    My Reputation Points: 152 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by Hangover View Post
    i beg to differ. On macro front, last year was super tough. HK's port almost got killed.
    On micro, people pinpointed and bully us like shit and Chong Meng put up a fierce resistance.
    So he did very well. This kind of people can lead our GIC and Temasek.

    Airlines
    SIA did not do well and got tramped by the Middle East powerhouses.
    Tiger and Scoot are always behind AirAsia and Jetstar, and probably VietAir.

    Shipping
    Our NOL got killed and we are only left with PIL and Singapore Shipping Corp.
    There is no money in container shops.unless you have one pf those mega vessels.even malaysia sold off its container shipping business.
    Also, hong kong does not have the same supporting industries like singapore on shipping.

  5. #5
    Join Date
    Jul 2008
    Posts
    1,194
    My Reputation Points: 86 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by syed putra View Post
    I dunno why sinkies are wary of competiton from neighbouring countries.when it comes to ports and shipping and probably airlines, nobody can beat singapore due to location and supporting industries.
    WE WON BECOS OF CORRUPTIONS IN my............

  6. #6
    Join Date
    Aug 2017
    Posts
    138
    My Reputation Points: 222 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    I heard DHL regretted their expansion plans in Singapore.
    http://www.todayonline.com/business/...lity-singapore
    They didn't realized that they were too arrogant

  7. #7
    Join Date
    Aug 2017
    Posts
    138
    My Reputation Points: 222 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by Pek Kim Lui View Post
    WE WON BECOS OF CORRUPTIONS IN my............
    It's ok to be corrupted.
    In Malaysia, they take money, but at least they deliver their promise.
    In India and China, they just take the money and give you 101 excuses after that.

  8. #8
    Join Date
    Sep 2013
    Location
    Singapore
    Posts
    5,793
    My Reputation Points: 1066 / Power: 5

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Only stupid sinkies fail to realize that Port Kelang and Tanjong Pelepas combined volume is much bigger than Singapore.
    Malaysia ports are divided into Port Kelang and Tanjong Pelepas.
    Quote Originally Posted by HK14K View Post
    No worries, the "Hero & Coward" thread will come but we should concentrate first on the nation hottest issue...
    Quote Originally Posted by gingerlyn View Post
    shameful and despicable scum PAP regime,
    a small island with millions of salary for PAP cronies from tax payers fund and yet have many hottest issues?

    only people who receive some scum benefits from shameful and despicable PAP regime cronies would agree your statement

  9. #9
    Join Date
    Oct 2014
    Posts
    12,189
    My Reputation Points: 2771 / Power: 4

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by Pek Kim Lui View Post
    WE WON BECOS OF CORRUPTIONS IN my............
    This is like winning because we are breathing.
    Do something meaningful. Join the grassroots. Peoples' Association all the way!

  10. #10
    Join Date
    Jul 2008
    Location
    in a longkang somewhere in Mozambique
    Posts
    9,188
    My Reputation Points: 981 / Power: 10

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Did PSA reveal how many singaporean uncles did they cut ? And how much each dock hand is being paid ?

    The gigantic cranes you see comes w a price. And if I am not wrong many of them are standing erect like a cock meaning they are not loading or unloading containers.

    There had been talk of listing PSA on the Mainboard but so far for many eons no news. Why ? All their overseas investments - how many are making money ?

  11. #11
    Join Date
    Sep 2013
    Location
    Singapore
    Posts
    5,793
    My Reputation Points: 1066 / Power: 5

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    actually many people are unaware that China is building a few artificial island beside Batam with Indonesia agreement.
    These islands will be turned to ports.
    Quote Originally Posted by HK14K View Post
    No worries, the "Hero & Coward" thread will come but we should concentrate first on the nation hottest issue...
    Quote Originally Posted by gingerlyn View Post
    shameful and despicable scum PAP regime,
    a small island with millions of salary for PAP cronies from tax payers fund and yet have many hottest issues?

    only people who receive some scum benefits from shameful and despicable PAP regime cronies would agree your statement

  12. #12
    Join Date
    Aug 2008
    Posts
    5,281
    My Reputation Points: 373 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Talking about PSA's turn around, what has happened to Yeo Ning Hong??

  13. #13
    Join Date
    Aug 2017
    Posts
    138
    My Reputation Points: 222 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by gingerlyn View Post
    Only stupid sinkies fail to realize that Port Kelang and Tanjong Pelepas combined volume is much bigger than Singapore.
    Malaysia ports are divided into Port Kelang and Tanjong Pelepas.
    Hi, according to the website below, our 2015 TEUs is still 50% higher than those two malaysian ports, combined.
    http://www.worldshipping.org/about-t...ontainer-ports

  14. #14
    Join Date
    Sep 2013
    Location
    Singapore
    Posts
    5,793
    My Reputation Points: 1066 / Power: 5

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by Hangover View Post
    Hi, according to the website below, our 2015 TEUs is still 50% higher than those two malaysian ports, combined.
    http://www.worldshipping.org/about-t...ontainer-ports
    Port Kelang in your web link does not include Westport.
    For example, westport handled closed to 10million in 2016.
    http://www.westportsmalaysia.com/201...ouncement.aspx

    Your weblink only include North Port which is a government port.
    Quote Originally Posted by HK14K View Post
    No worries, the "Hero & Coward" thread will come but we should concentrate first on the nation hottest issue...
    Quote Originally Posted by gingerlyn View Post
    shameful and despicable scum PAP regime,
    a small island with millions of salary for PAP cronies from tax payers fund and yet have many hottest issues?

    only people who receive some scum benefits from shameful and despicable PAP regime cronies would agree your statement

  15. #15
    Join Date
    Jun 2010
    Posts
    29,073
    My Reputation Points: 4256 / Power: 10

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by syed putra View Post
    I dunno why sinkies are wary of competiton from neighbouring countries.when it comes to ports and shipping and probably airlines, nobody can beat singapore due to location and supporting industries.
    What sg had was only first mover advantage back then.....
    Now eroded by our neighbouring copying and catching up.
    Sg lost the edge long ago.


    Quote Originally Posted by syed putra View Post
    There is no money in container shops.unless you have one pf those mega vessels.even malaysia sold off its container shipping business.
    Also, hong kong does not have the same supporting industries like singapore on shipping.
    What supporting industries you talking about that hk does not have?
    Hk used to pipped sg every time.
    Now they lost it due to the china developing their ports so they lost their hinterland. They dun do much transshipment as the case of sg. Same same but different

  16. #16
    Join Date
    Sep 2013
    Location
    Singapore
    Posts
    5,793
    My Reputation Points: 1066 / Power: 5

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    in the long run, PSA may not survive.
    1. Maersk has their hub at Tanjong Pelepas
    2. COSCO China will listen to One Belt One Road and shift to Malaysia
    3. MSC and CMA also have huge investment in man made islands near Batam
    Quote Originally Posted by HK14K View Post
    No worries, the "Hero & Coward" thread will come but we should concentrate first on the nation hottest issue...
    Quote Originally Posted by gingerlyn View Post
    shameful and despicable scum PAP regime,
    a small island with millions of salary for PAP cronies from tax payers fund and yet have many hottest issues?

    only people who receive some scum benefits from shameful and despicable PAP regime cronies would agree your statement

  17. #17
    Join Date
    Jun 2010
    Posts
    29,073
    My Reputation Points: 4256 / Power: 10

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by gingerlyn View Post
    in the long run, PSA may not survive.
    1. Maersk has their hub at Tanjong Pelepas
    2. COSCO China will listen to One Belt One Road and shift to Malaysia
    3. MSC and CMA also have huge investment in man made islands near Batam
    Add in Kra Canal and sg is fucked.
    Wonder why they building the mega port in Tuas. It's going to be a ghost town

  18. #18
    Join Date
    Jul 2008
    Posts
    26,863
    My Reputation Points: 4375 / Power: 12

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by Narong Wongwan View Post
    Add in Kra Canal and sg is fucked.
    Wonder why they building the mega port in Tuas. It's going to be a ghost town
    cardboard collection cartel also gonna die. china doesn't want anymore trash and recyclables from overseas.

    https://www.washingtonpost.com/news/...=.ef1d88dc8ac0
    6.9 k's of sinkies: kopi, kaya toast, kueh kueh, kio kway, ktv, kpkb.

  19. #19
    Join Date
    Jul 2008
    Posts
    24,252
    My Reputation Points: 689 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    I wonder if the govt will have a rethink of scholar's ability to drive change. TCM is a local grad that rose up the private sector run run global business lines.

  20. #20
    Join Date
    Aug 2017
    Posts
    138
    My Reputation Points: 222 / Power: 0

    Default Re: Kudos to outgoing PSA Chief Tan Chong Meng!

    Quote Originally Posted by gingerlyn View Post
    Port Kelang in your web link does not include Westport.
    For example, westport handled closed to 10million in 2016.
    http://www.westportsmalaysia.com/201...ouncement.aspx

    Your weblink only include North Port which is a government port.
    Thanks for sharing

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. which country is dr tan chong kee referring to?
    By leetahbar in forum The Courtyard Café
    Replies: 2
    Last Post: 26-11-2013, 03:37 AM
  2. dr tan chong kee, owner of newsintercom is married....to a man
    By leetahbar in forum The Courtyard Café
    Replies: 14
    Last Post: 09-11-2013, 07:58 AM
  3. Replies: 1
    Last Post: 05-07-2013, 01:53 PM
  4. What happened to TAN WU MENG & other potential candidates?
    By Euro2008 in forum The Political / Serious Zone [no rep deductions]
    Replies: 2
    Last Post: 30-04-2011, 07:22 AM
  5. Tan Chong Trying to Con Insutance Company?
    By makapaaa in forum The Courtyard Café
    Replies: 0
    Last Post: 05-09-2009, 12:00 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •