The Singapore-headquartered terminal operator reported a 14.5% rise in net profit compared to 2012, and revenues in 2013 SGD4.69bn, up 3.3% on the previous year. The rise in net profit was partly attribute to one time gains from the sale of assets.
Adjusting for changes in its portfolio the terminal operator said it posted 4.6% volume growth last year, with stronger performance from its terminals outside Singapore. Its flagship Singapore Terminals handled 32.4m teu in 2013 a 3.1% increase over the previous year.
“PSA has performed creditably amid a difficult year in 2013 which saw unsettling volatility, much uncertainty and uneven growth across the global economic landscape. We achieved 61.8 million TEUs and made good progress on our portfolio of ports in China and Colombia,” said Fock Siew Wah, chairman of PSA.
In apparent reference to the rapid growth in the ultra-large containership fleet and the announcement of the P3 alliance last year PSA ceo Tan Chong Meng said: “The container shipping and port industry has been rocked by game-changing developments in recent years which precipitated the shake-up we have seen in 2013.
“There is no foretelling the future with certainty but we can prepare ourselves by buttressing the range and depth of capabilities we have to offer our customers and partners,” he added.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
