PSA International reports 1.7% volume increase in 2020

PSA International Pte Ltd (PSA) handled 86.6 million TEUs of containers at its port projects around the world for the year ending December 31, 2020. The Group’s volume increased by 1.7% over 2019, with flagship PSA Singapore contributing 36.6 million TEUs (-0.9%) and PSA terminals outside Singapore handling 50 million TEUs (+3.7%), said a release.

Mr 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.

“My deepest appreciation goes out to our staff, unions and management globally who have gone above and beyond throughout the year. We are also thankful for the continued support and partnership from our customers, partners and stakeholders, as we collectively strive towards greater resilience and sustainability as a global economy.

“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. Our goal is to move the world’s goods, for the greater good.”

Source: Exim News Service