PSA ports hit milestone 100m teu worldwide in 2024PSA ports hit milestone 100m teu worldwide in 2024
Singapore-headquartered PSA International’s container terminals hit a historic landmark in for container handling across its global portfolio.

PSA International reported 5.6% growth in throughput across its worldwide container terminal business to handle 100.2 million teu last year.
The record throughput came against a backdrop of geopolitical tensions and supply chain disruption including large scale diversions by container lines from the Red Sea to transit via the Cape of Good Hope on voyages between Asia and Europe.
Peter Voser, Group Chairman of PSA, said, “2024 has been a year of measured recovery for the global economy, shaped by ongoing geopolitical conflicts, trade tensions, national elections, fiscal pressures and fluctuating interest rates. Despite the challenges, we are proud to have achieved this important throughput milestone for the Group.”
PSA’s flagship Singapore Terminals handled 40.9 million teu in 2024 an increase of 5.5% over the previous year. The terminals at its homebase passed the 40 million teu barrier for the first time in a year on 24 December 2024.
The terminals in Singapore were put under pressure in the second quarter of 2024 as lines restructuring of services to transit via the Cape of Good Hope resulted in a bunching of vessel arrivals combined with a surge in cargo volumes from nervous shippers looking to beat the peak season. This resulted in delays in berthed reported to reach up to seven days. PSA responded by reactivating previously mothballed berths and accelerating commissioning of new berths in Tuas Port.
International terminals outside Singapore handled 59.2 million teu last year, a 5.7% increase over the year.
Ong Kim Pong, Group CEO of PSA, said, “PSA’s resilience, innovation, and teamwork have enabled us to achieve this extraordinary milestone of handling 100 million teu of containers in a single year.
On the coming year PSA expects waters to remain choppy. “Looking ahead, we anticipate further economic uncertainty,” said Voser.
“Across PSA’s diverse portfolio of ports, supply chain solutions, marine, and digital businesses, we remain committed to working closely with our stakeholders to enhance the resilience and sustainability of global trade.”
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