PSA ACHIEVES RECORD CONTAINER VOLUMES IN 2007

Of this total, a record 27.1m teu were handled at PSA’s flagship terminal in Singapore, registering a 13.0% growth over 2006 whilst volumes at PSA’s terminals outside Singapore were equally impressive and jumped by 16.3% year-on-year to 31.75m teu.

For 2008, the shipping industry has projected continued good growth, underpinned by the strong Asia-Europe trade with consumers’ demand for goods made in Asia’s major manufacturing centres. To handle customers’ growing volumes, PSA is expanding its capacity at Pasir Panjang Terminal (PPT) with new berths and new cranes being rolled out progressively from 2008 to 2009. In addition, PSA is concurrently upgrading its facilities at Brani, Keppel and Tanjong Pagar to meet customers’ needs now and into the future.

PSA is equipping all its new container berths with new super post-Panamax quay cranes. Recently, it took delivery of five of these with more mega cranes expected to arrive for the rest of the year. These quay cranes have an outreach of 22 container rows across and are equipped with 40-foot Tandem Lift capability to handle the newest generation of mega containerships.