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Singapore’s burgeoning economic growth has experimented its highest rate in the last decade since the final 80s until today, tripling its GDP to 300 billion dollars. Ocean freight to Singapore is a resource used by most of the commercial powers in the world; a good reason for ocean freight to Singapore is the value of its imports, which is over 300 billion dollars and having a positive balance of trade.
Electronic equipment and machinery; pharmacy, chemical and petroleum products; foodstuff and all kinds of consumer goods are the core of the foreign trade of this small Southeastern Asian country.
Ocean freight to Singapore is a crucial resource for any exporting business wishing to a have presence in Asia.
Before booking your ocean freight to Singapore, let us advise you about the possible options: Full Container Load (FCL) or a Less than a Container Load (LCL) - Groupage.
FCL is the right choice for exporters with a cargo volume of 10 or 21 standard American pallets or multiples, as the standard 20-foot container and 40-foot container hold 10 or 21 of these pallet types respectively. The American pallet is 39.37 in. wide and 47.24 in. long. However, if you are much worried for the possibility that your cargo may be contaminated or damaged in case of sharing the container with other traders’ goods, you can also choose this option to get peace of mind. Using an FCL exclusively for you is the best decision.
On the contrary, if you cargo volume doesn’t fill up a container, we suggest choosing “groupage”, which is sharing a container with other traders. This modality (LCL) will allow saving on shipping costs as you only pay for the space used by your cargo. Remember that FCL is a cost-effective solution when you are able to fill up more than half of a container.
Singapore tops of the 189 countries in the “Doing Business” index; this means that Singapore gives the most ease of doing business, of any type. Particularly, exports are very important, as highlighted in the growth and development of its two main commercial seaports: Singapore and Container Terminal.
The Port of Singapore is one of the largest in the world, having exceeded 30 million TEUs annually time ago. It has many terminals, in Tanjong Pagar, Brani, Keppel, Pasir Panjang, Sembawang and Jurong. However, extension works are in progress to increase the number of available berths.
More than 120000 cargo vessels berth with general cargo, containers, bulk, etc. Two macro operators manage the terminals: PSD Corporation and Jurong Port Pte. Ltd.
Book with iContainers to enjoy the most affordable and professional ocean freight services. We operate in ports located in every corner of the world to provide you with the most efficient service. This includes ports located in:
For more information, consult ship container rates for your ocean freight to Singapore here.
"Customs duties play an important role in your international shipment. How they're determined and calculated varies from country to country"
Klaus Lydsal, vice president of operations at iContainers