PSA Singapore’s container volumes down 9%

PSA International endured a tough year in 2015 with container volumes down by 2% to 64m teu, largely due to an 8.7% fall in throughput at its flagship Singapore facilities.

PSA Singapore Terminals handled 31m teu, marking its worst year since 2011, although this was slightly offset by PSA’s terminals outside Singapore handling 33.5m teu, an increase of 5%.

In response to the disappointing results, the Maritime and Port Authority of Singapore (MPA) will grant an additional 10% concession on port dues for container vessels calling at the Port of Singapore, if they are carrying out cargo works with a port stay of less than five days.