Singapore's mega port project to double capacity to 65m boxes per year

Prompted by Samsung, Honda plants.

According to a report by Bloomberg, as Samsung Electronics Co. (005930) and Honda Motor Co. (7267) are building new factories in Vietnam and Thailand, Singapore is readying a mega port to handle all those mobile phones, TVs and cars.

The city-state is building a new port west of the current 1,000 hectare (2,471 acre) site, to double capacity to 65 million boxes a year. That will help Singapore, home to the world’s second-busiest container port, lure goods made in Southeast Asian nations and then ship them worldwide.

Read full report here.

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