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PSA sets container volume record in 2021

Group must continue to seize pandemic opportunities to remain relevant, says CEO.

PSA announced record-breaking volumes for 2021, with the greatest growth outside of its flagship Singapore facility. The ports group handled 91.5m teu globally in 2021, with growth of 1.6% at PSA Singapore bringing a record 37.2m teu and 8.4% growth at its other terminals totalling 54.3m teu.

Tan Chong Meng, Group CEO of PSA, said: “The world in 2021 continued on its roller-coaster ride with widespread supply chain disruptions and congestions coupled with sustained recovery in global trade and demand. Despite the multiple hurdles posed by the global pandemic, PSA contributed to keeping supply chains safe and open for our customers, partners and stakeholders worldwide.

Tan said that PSA will need to find opportunities within the pandemic to remain relevant in the market.

“Over the past two years, we have ridden the waves of the COVID-19 crisis to inculcate in our people greater agility and alignment towards the need for change. PSA will continue to seek win-win partnerships and innovate beyond port operations to provide more efficient and resilient cargo solutions that benefit the greater supply chain ecosystem and catalyze the shift towards sustainable trade,” said Tan.

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