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<TABLE cellSpacing=0 cellPadding=0 width=452 border=0><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published March 14, 2009
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Container throughput down 19.8% in February
By VINCENT WEE
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CONTAINER transhipment continued to slide in February, with Singapore's overall throughput down 19.8 per cent year-on-year and 6.3 per cent from January.
February throughput came to 1.85 million twenty-foot equivalent units (TEUs), down from 2.31 million a year earlier and 1.97 million in January.
Dominant operator PSA handled 3.72 million TEUs in the first two months of 2009, down 19.7 per cent from a year earlier.
Extrapolated figures show 1.8 million TEUs were moved by PSA in February, down from 1.92 million in January. PSA reports transhipment figures only on a year-to-date basis.
At Jurong Port, year-on-year throughput plunged 22.2 per cent to 49,000 TEUs in February, from 63,000 a year earlier. The drop from January was a sharp 15.5 per cent.
Singapore has been seeing a fall-off in transhipment since August 2008 when 2.64 million TEUs were handled. There has been a sequential decline every month since.
Bunker sales also fell in February - to 2.67 million tonnes, from 3.02 million tonnes in January - as fewer ships are operating due to weak freight rates.
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</TD></TR></TBODY></TABLE>According to shipping industry database AXS Alphaliner last week, 453 ships with a combined carrying capacity of 1.35 million TEUs were idle as at March 2.
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</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Container throughput down 19.8% in February
By VINCENT WEE
<TABLE class=storyLinks cellSpacing=4 cellPadding=1 width=136 align=right border=0><TBODY><TR class=font10><TD align=right width=20>
</TD><TD>Email this article</TD></TR><TR class=font10><TD align=right width=20></TD><TD>Print article </TD></TR><TR class=font10><TD align=right width=20></TD><TD>Feedback</TD></TR></TBODY></TABLE>CONTAINER transhipment continued to slide in February, with Singapore's overall throughput down 19.8 per cent year-on-year and 6.3 per cent from January.
February throughput came to 1.85 million twenty-foot equivalent units (TEUs), down from 2.31 million a year earlier and 1.97 million in January.
Dominant operator PSA handled 3.72 million TEUs in the first two months of 2009, down 19.7 per cent from a year earlier.
Extrapolated figures show 1.8 million TEUs were moved by PSA in February, down from 1.92 million in January. PSA reports transhipment figures only on a year-to-date basis.
At Jurong Port, year-on-year throughput plunged 22.2 per cent to 49,000 TEUs in February, from 63,000 a year earlier. The drop from January was a sharp 15.5 per cent.
Singapore has been seeing a fall-off in transhipment since August 2008 when 2.64 million TEUs were handled. There has been a sequential decline every month since.
Bunker sales also fell in February - to 2.67 million tonnes, from 3.02 million tonnes in January - as fewer ships are operating due to weak freight rates.
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