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PSA’s container volumes increased 5.2% in 2019

PSA’s container volumes increased 5.2% in 2019

PSA International Pte Ltd (PSA) handled 85.2m teu in 2019 across its global portfolio, increasing its volume by 5.2% compared to 2018.

The group’s flagship terminal, PSA Singapore, increased its volume by 1.6% year-on-year and contributed 36.9m teu towards the overall 2019 total while PSA terminals outside of Singapore increased volumes by 8.1% to 49.3m.

Tan Chong Meng, group CEO of PSA, said: “2019 was a year where the PSA Group expanded our horizons, against a backdrop of trade wars, climate action and varying technological impacts on business and society.

“By welcoming new terminals like DCT Gdansk, PSA Halifax and Penn Terminals into our fold, we have broadened our reach and ability to offer greater connectivity to new economies in the Baltics and North America.”

In addition to its port facilities, PSA redoubled its efforts to develop more transport options for cargo owners and movers in 2019 through its PSA Cargo solutions arm.

The group also continued to develop its value-adding and interoperable platform CALISTA for stakeholders in the global supply chain with Global eTrade Services.

Tan added: “As we begin a new decade in 2020, PSA will continue to build on our global network of ports while harnessing technologies to improve our productivity to serve our customers better.

“Our vision is to empower supply chain stakeholders with the ability to move their goods with greater intelligence and agility through the Internet of Logistics, and to work alongside our partners to enable greater sustainability for the whole supply chain.”