Singapore must remain 'key node' in global supply chains amidst uncertainty: Chee Hong Tat
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Minister for Transport Chee Hong Tat said that Singapore must remain a «key node» in the global supply chain amid ongoing uncertainty. Speaking to media at PSA Pasir Panjang Terminal on Friday (May 16), Chee said that despite greater turbulencSingapore must remain 'key node' in global supply chains amidst uncertainty: Chee Hong Tat
Minister for Transport Chee Hong Tat said that Singapore must remain a «key node» in the global supply chain amid ongoing uncertainty. Speaking to media at PSA Pasir Panjang Terminal on Friday (May 16), Chee said that despite greater turbulence, uncertainty and shifts in the world, Singapore's container volumes have grown by 6.1 per cent during the first four months of 2025, compared to the same period last year. Singapore handled 14.2 million twenty-foot equivalent units (TEUs) – which is a measure of cargo capacity – from January to April this year. «Container (throughput) has remained strong despite what's happening,» he said, adding that this is something he hopes can continue. Chee added that companies have boosted trade activity in recent months due to the pause in higher tariff rates and this increase in activity has benefitted Singapore. «There is actually a boost in terms of companies trying to do some front loading and catching up, trying to make full use of this window,» he said. Read more