Regional Focus: Singapore Report
Records tumble at top global maritime hub
Singapore posted record port performance last year of 3.22 billion gross tonnage (GT) of vessel arrivals and 44.66 million TEU of container throughput in 2025 – respectively 3.5% and 8.6% increases from 2024.
Marine fuel sales also hit a new high at 56.77 million tonnes, a 3.4% increase from 2024, with continued growth in the use of alternative marine fuels, which increased to 1.95 million tonnes in 2025 compared to 1.35 million tonnes in 2024.
Singapore-based global terminal operator PSA International Pte Ltd (PSA) handled a record 105 million TEU across its ports and terminals worldwide last year, with overall Group volumes increasing by 5% year-on-year.
PSA’s flagship terminal in Singapore likewise set a new record, registering throughput of 44.5 million TEU (+8%).
In 2025, Singapore established two new Green and Digital Shipping Corridors (GDSCs) with India and the Republic of Korea respectively, and elevated the GDSC with China to the national level, bringing the total to nine. These corridors aim to pilot solutions to enhance the resilience, efficiency and sustainability of global supply chains connecting through Singapore to our partners. Projects planned for 2026 include developing common emissions-reporting protocols, enhancing digital exchanges, and conducting fuel trials along participating routes.
Together with the appointment of a consortium led by Keppel Ltd in October 2025 to undertake front-end engineering design (FEED) studies for ammonia power generation and bunkering, and the award of three methanol bunkering licences in November 2025, these developments represent coordinated steps in readying Singapore as a multi-fuel bunkering hub.
All bunker suppliers in Singapore have implemented digital bunkering as at August 2025, thereby streamlining bunkering transactions and verifying electronic bunker deliver notes (e-BDNs) through a electronic bunker delivery notes enquiry facility. This has improved productivity and enhanced transparency in bunkering operations, saving up to 40,000 man-days annually in business process efforts.
Singapore further strengthened its position as a leading International Maritime Centre (IMC) in 2025. Over the past year, 35 maritime companies opened or expanded their operations here, bringing the total to more than 200 international shipping groups. Collectively, key maritime companies contributed an estimated annual total business spending of around S$5 billion to our economy, reflecting the depth and diversity of Singapore’s maritime ecosystem. Singapore also retained its top ranking in the Xinhua-Baltic International Shipping Centre Development Index.
The Singapore Registry of Ships (SRS) closed 2025 with a record 137.46 million GT, an increase of about 27% from 2024, becoming the fourth largest ship registry in the world.