The city-state of Singapore’s role as a global transhipment hub is both its blessing and its curse. In times such as these, when key markets in Europe and the US are either recessionary or growing sluggishly, it can be hit by depleted freight volumes. In 2013, we forecast that the port’s total tonnage volumes will undergo a painful contraction, though air freight volumes are expected to remain positive. Headline Industry Data ? 2013 air freight tonnage through Changi International Airport to grow 1.3%. Growth over our forecast period (2013-2017) to average 1.3% per annum. ? The Port of Singapore’s gross …
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