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PSA global container volumes up 1.7% in 2020

Photo: PSA 2 - PSA Pasir Panjang Terminal.jpg
Container terminal operator PSA International reported a 1.7% increase in volumes across its global business in 2020.

Worldwide Singapore-headquartered PSA handled a container volume of 86.6m teu last year. Some 50m teu of this came from its international operations with 3.7% growth over 2019, while it’s Singapore homebase, the world’s second largest container port, saw a 0.9% contraction in volumes to 36.6m teu.

Tan Chong Meng, group ceo of PSA, said, “2020 was an extraordinary year which saw the world collectively respond to the challenges and changes from Covid-19. As a Group, PSA has demonstrated agility and performed credibly against the backdrop of a global pandemic and resulting recession, playing our part alongside as an essential business to keep supply chains open safely.

“2021 continues to give us the opportunity to reset and reform, as a business and as individuals. The way companies and consumers engage, transact and collaborate has evolved at lightning quick pace, and meanwhile, the climate crisis gains urgency. PSA will continue to invest and innovate on solutions to improve supply chain transparency and to create possibilities for smarter resource efficiencies.”

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