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PSA sees global container volumes drop 0.7% in 2022PSA sees global container volumes drop 0.7% in 2022

Global terminal operator PSA reported a small contraction in volumes last year to handle 90.9m teu worldwide.

Marcus Hand, Editor

January 17, 2023

1 Min Read
PSA Singapore - Pasir Panjang Terminals 5 and 6 from the air
Photo: PSA

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.”

Related:Singapore port container and bunker volumes decline in 2022

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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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