More businesses look to Singapore for smooth flow of goods amid tariff volatility, say logistics firms

SINGAPORE: Amid global trade volatility due to U.S. tariffs, logistics companies report increased cargo volumes in Singapore, with PSA handling 14.1 million TEUs—a 6% rise—and Changi Airport seeing a 2% uptick in air freight from January to April 2024. Maersk anticipates continued growth and flexibility in shipping due to tariff clarity, while FedEx highlights Singapore’s strategic role as a South Pacific hub. Analysts emphasize infrastructure investments, including Tuas Port upgrades, as vital for maintaining Singapore’s competitiveness in global trade.