PSA International posts positive 2020 results

PSA International’s container throughput increased by almost 2% year-on-year to 86.6m teu in 2020 while the Group’s revenue increased by 3% on higher throughput and business acquisitions during the year.

The company’s flagship terminal in Singapore contributed 36.6m teu, a decline of 1% from 2019, while PSA’s terminals outside Singapore increased volumes by 4% to 50m teu.

Peter Voser, group chairman of PSA International, said: “Despite the supply chain shocks in the first half of 2020, the PSA team, together with our partners, rallied to meet our customer needs around the world.