PSA International reports that it handled 85.2m TEU at its port projects around the world for the year ending 31 December 2019.
The group’s volume increased by 5.2% over 2018, with flagship PSA Singapore contributing 36.9m TEU (+1.6%) and PSA terminals outside Singapore handling 48.3m TEU (+8.1%).
PSA’s portfolio comprises a network of more than 50 coastal, rail and inland terminals in 19 countries.
Mr Tan Chong Meng, group CEO of PSA, said, “2019 was a year where the PSA Group expanded our horizons, against a backdrop of trade wars, climate action and varying technological impacts on business and society.
“By welcoming new terminals like DCT Gdansk, PSA Halifax and Penn Terminals into our fold, we have broadened our reach and ability to offer greater connectivity to new economies in the Baltics and North America.”
Mr Meng said that beyond the group’s traditional port domain, it redoubled its efforts to develop more transport options for cargo owners and movers through its new PSA Cargo Solutions arm.
“We also continued to develop CALISTATM as a value-adding and interoperable platform for stakeholders in the global supply chain with Global eTrade Services,” he said.
“As we begin a new decade in 2020… our vision is to empower supply chain stakeholders with the ability to move their goods with greater intelligence and agility through the Internet of Logistics, and to work alongside our partners to enable greater sustainability for the whole supply chain.”
