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PSA global container volumes up 1.7% in 2020PSA global container volumes up 1.7% in 2020

Container terminal operator PSA International reported a 1.7% increase in volumes across its global business in 2020.

Marcus Hand, Editor

January 15, 2021

1 Min Read
PSA Pasir Panjang Terminal Singapore from the air
Photo: PSA

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.”

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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