PSA International enjoys record-breaking container throughput in 2023

PSA International handled 94.8m teu in 2023, up 4% compared to 2022, marking a record-breaking year for the terminal operator.

At PSA’s flagship terminal in Singapore, container volumes rose 5% to 38.8m teu while PSA terminals outside of Singapore handled 56m, an increase of 4%.

Tan Chong Meng, group CEO of PSA International, said: “Though there was a concerted push for economic recovery in many developed countries, the global economy remained fraught with turbulence in 2023 and the world continued to experience inflation, rising interest rates, tight labour markets, geopolitical tensions and ongoing wars, all of which destabilised the outlook for recovery and disrupted supply chains.”