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PSA global container volumes grow 5.2% in 2020

Singapore-headquartered terminal operator PSA saw a 5.2% increase in container volumes handled worldwide to 85.2m teu powered by its international business.

PSA’s homebase of Singapore reported 1.6% volume growth to 36.9m teu last year, while its international business grew 8.1% to 48.3m teu, in a year that saw the terminal operator continuing to grow its global footprint.

“2019 was a year where the PSA Group expanded our horizons, against a backdrop of trade wars, climate action and varying technological impacts on business and society,” said Tan Chong Meng group ceo of PSA.

“By welcoming new terminals like DCT Gdansk, PSA Halifax and Penn Terminals into our fold, we have broadened our reach and ability to offer greater connectivity to new economies in the Baltics and North America. Beyond our traditional port domain, we also redoubled our efforts to develop more transport options for cargo owners and movers through our new PSA Cargo Solutions arm,” he added.

Looking ahead continued expansion of PSA’s business is on the horizon as well as investments in technology.

“As we begin a new decade in 2020, PSA will continue to build on our global network of ports while harnessing technologies to improve our productivity to serve our customers better,” Tan said.

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