New Samsung and Honda plants prompt Singapore port expansion

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The Lion City is planning to increase annual capacity of its enormous port to an astonishing 65m teu per year. Bloomberg reports that Singapore has decided to pursue such an aggressive expansion plan – which is understood to cost around $8bn and could be completed within 10 years – on the back of companies such as Honda and Samsung building new production facilities in Vietnam and Thailand – assuming that these countries will continue to feeder much of their traffic to Singapore, rather than their ports becoming mainline ports themselves. A second assumption is that Europe’s economy will recover…