Port of Singapore

The Port of Singapore refers to the collective facilities and terminals that conduct maritime trade, and which handle Singapore's harbors and shipping. It is ranked as the top maritime capital of the world since 2015. Currently the world's second busiest port in terms of total shipping tonnage, it also transships 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 harbor, 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.