Hamburg has high expectations about Singapore-EU FTA
The port of Hamburg in Germany expects an additional rise in its already booming trade with Singapore. In 2018, the port and trading hub Singapore was only second to China as the port of Hamburg’s partner country for seaborne container handling.
Last year, the number of containers transported between the two ports reached 380,000 teu, representing 4.3 million t of seaborne cargo. In the first nine months of 2019, container transport between Hamburg and Singapore rose to 305,000 teu, a 4.1% advance on the same period of 2018. Handling 36.6 million teu in 2018, Singapore is the world’s second largest port for seaborne container handling after Shanghai (China).
Freight traded in direct container traffic between Hamburg and Singapore is transhipped from the ports to neighbouring countries in the region. At present, 15 liner services connect the port of Hamburg with Singapore, nine for containers and six for general cargo. (fd)