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PSA global box volumes up 9.1% for 2018

PSA International (PSA) has handled increased container volumes globally for 2018 over the previous year on the back of a slow but steady pace of container trade growth.

PSA handled 81m teu at its port projects around the world for 2018, up by 9.1% over 2017 with flagship PSA Singapore contributing 36.31m teu and terminals outside Singapore handling 44.69m teu.

“2018 was a dual-speed year. The slow but steady pace of global container trade growth continued, despite geo-political shifts and rising trade barriers,” said Tan Chong Meng, group ceo of PSA.

“At the same time, there was a surge in digitalisation activities within the global supply chain which promised better visibility and efficiency, while the industry continues to grapple with issues of data standardisation and collaboration,” Tan commented.

Tan added that PSA will continue to build on its global network of ports while take the lead towards co-creating an Internet of Logistics – a plug-and-play ecosystem that links up a mesh of communities through interoperability to encourage innovation.

“As we run full speed into 2019, we at PSA are excited about the opportunities and challenges ahead in this age of disruptions,” he said.

Read more: Singapore container port volumes up 8.7% in 2018

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