PSA International Pte Ltd (PSA) handled 81.00 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2018.
The Group’s volume increased by 9.1 per cent over 2017, with flagship PSA Singapore contributing 36.31 million TEUs (+8.9 per cent) and PSA terminals outside Singapore handling 44.69 million TEUs (+9.3 per cent).
According to Mr Tan Chong Meng, Group CEO of PSA, 2018 was a dual-speed year for the company. The slow but steady pace of global container trade growth continued, despite geo-political shifts and rising trade barriers. All in all, the surge in digitalisation activities within the global supply chain has led to better visibility and efficiency, even while the industry continues to grapple with issues of data standardisation and collaboration.