Premium Essay

Port Singapore

In: Business and Management

Submitted By adzka18
Words 1155
Pages 5
A Resources-Based View of Competitive Advantage at The Port of Singapore

Singapore has important natural resources include its large protected harbor, its location in major trade routes (Singapore is located where the ship traffic between Europe and South East Asia and the US West
Coast and South East Asia must pass) , and the skills of its well-educated workforce.
As shipping became containerized, a port required massive infrastucture development like berths, cranes, trucks, storage, and so on. In 1972 Singapore open its first container berth and in 1997 the Port of Singapore Authority was privatized and its name was changed to PSA Corpration eventhough the
Singapore government still own 100% of the shares in this company. Moreover, Singapore was named as the best container port in Asia for the 14th time and thebest seaport for the 15th time in 2004 by the
Asian freight industry.

Performance Data
Singapore is the busiest port in the world in terms of shipping tonnage and compares quite favorably on metrics of port operation. At any one time, there were more than 800 ships in port. In 2001 port recieved 146.265 vessels with a shipping tonnage of 960 million gross tons. Singapore is handling a throughput of 18,1 million TEUs in its four container terminals in 2003. PSA facilities can provide on average 100 container moves per hour. Recorded 280,4 container moves per hour with the ship AOL
Sardonix in 2001. PSA Marine, a wholly-owned subsidiary, performed 108.048 pilotage jobs and 94.904 tug jobs in 1997. The company provides high standards of services as 99% pilotage jobs were serviced within 30 minutes and 96% tug jobs were serviced in 15 minutes.
The Productivity of Port Singapore

The Financial Measures of Port Singapore Operations

Analyzing PSA’s Strategy
As we can see the PSA’s performance data above, both productivity and financial…...

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