The Port of Singapore refers to the collective facilities and terminals that conduct maritime trade handling functions in Singapore's harbours and which handle Singapore's shipping. Currently the world's busiest port in terms of total shipping tonnage, it also tranships 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 by the Port of Shanghai. Thousands of ships drop anchor in the harbour, connecting the port to over 600 other ports in 123 countries and spread over six continents.
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 them after they have been refined and shaped in some manner, for example wafer fabrication or oil refining to generate revenue. Only then can the service industries such as hospitality services typical of a port of call, for example, restocking a ship's food and water supplies, take their role. The Straits of Johor are currently impassable to any ship as the Johor-Singapore Causeway links Singapore to Malaysia.
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Famous quotes containing the word port:
“It is by a mathematical point only that we are wise, as the sailor or the fugitive slave keeps the polestar in his eye; but that is sufficient guidance for all our life. We may not arrive at our port within a calculable period, but we would preserve the true course.”
—Henry David Thoreau (1817–1862)