PSA’s record 2011 container throughput

Tan Chong Meng, Group CEO of PSA International, said, “2011 posed several challenges for the shipping and port industries as global trade slowed down amidst unfavourable developments, including the Japan earthquake, excess shipping capacity and the ongoing sovereign debt crisis in Europe. As we enter 2012, the outlook for the year remains uncertain as countries struggle with the projected slowdown in growth and the potential impact on national economies.

The PSA Group came through the difficult business year well and I want to thank our customers and partners for their continuing patronage and support throughout the year. I wish to also thank the management, staff and unions of PSA for their close co-operation and strong commitment.”