Singapore-headquartered PSA saw an identical 0.7% drop in volumes both at its flagship terminals in the Lion City and the rest of global portfolio.
In Singapore PSA handled 37m teu last year, while its international terminals handled 53.9m teu.
Commenting on the performance Tan Chong Meng, Group CEO of PSA, said: “The world experienced another challenging year in 2022 and although most countries were emerging from the global pandemic, many continued to suffer from the negative aftershocks which were compounded by the war in Ukraine, higher energy prices, global inflation and supply chain disruptions.”
Looking ahead PSA has been broadening its business from a being simply a terminal operator to offer customers wider, end-to-end supply chain solutions.
“Going into 2023, the world is experiencing deep transitions towards new realities and while these times of change can be uneasy, PSA stands steady against the headwinds that may come our way as we continue to build on our core business of ports and – coupled with the acquisition of BDP International last year – widen our focus in enabling more agile, resilient and sustainable supply chains,” Tan said.
“We will partner closely alongside our customers, partners and stakeholders to future-proof our journey ahead, and continue in our mission to be a supply chain orchestrator, realise an Internet of Logistics and bring about more sustainable global trade.”
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