Description: PORT OF SINGAPORE - Interesting Facts #singapore #singaporeport #PSA, Singapore's $20BN Plan To Conquer Sea Trade, Building Singapore's Tuas Mega Port | Looking Ahead | CNA Insider, How Singapore Became the World’s Hub
The Port of Singapore refers to the collective facilities and terminals that conduct maritime trade handling functions in harbours and which handle Singapore's shipping. Currently the world's second-busiest port in terms of total shipping tonnage, it also trans-ships a fifth of the world's shipping containers , half of the world's annual supply of crude oil , and is the world's busiest transshipment port . It was also the busiest port in terms of total cargo tonnage handled until 2005, when it was surpassed
The Port of Singapore is not a mere economic boon, but an economic necessity because Singapore is lacking in land and natural resources . The Port is critical for importing natural resources, and then later re-exporting products after they have been refined and shaped in some manner, for example wafer fabrication or oil refining to generate revenue. The service industries such as hospitality services typical of a port of call restock the food and water supplies on ships. Ships pass between the Indian Ocean
Singapore ( i / ˈ s ɪ ŋɡ ə p ɔːr / ), officially the Republic of Singapore , and often referred to as the Lion City , the Garden City , and the Red Dot , is a global city in Southeast Asia and the world's only island city-state . It lies one degree (137 km) north of the equator , at the southernmost tip of continental Asia and peninsular Malaysia , with Indonesia 's Riau Islands to the south. Singapore's territory consists of the diamond-shaped main island and 62 islets . Since independence , extensive la
Port Baltimore