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Singapore May container traffic rises from April

6/20/2009 8:51:09 AM

Singapore port terminals handled 20.3 percent fewer containers in May from a year ago but traffic edged up 0.7 percent from April, Reuters reported.

 

The numbers show this year's shrinking trade at the world's busiest container port may have stabilised.

 

Most containers passing through Singapore's port are transhipments between East and West, and so are a barometer of world trade.

 

The figures reinforce government data that showed Singapore's May non-oil exports rose a bigger-than-expected 5.6 percent from the previous month on a seasonally adjusted basis, but fell 12.1 percent from a year ago.

 

The fall in May port trade from a year ago was still the steepest fall this year, after a 17.7 percent fall in April from a year ago.

 

Cargo News Asia

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