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THE Port of Singapore Authority increased its volume by 1.7% from 2019 to 2020 (calendar year), with flagship PSA Singapore contributing 36.6m TEUs (-0.9%) and PSA terminals outside Singapore handling 50m TEUs (+3.7%).

Overall, PSA International handled 86.6m TEUs of containers at its port projects around the world for the year ending 31 December 2020.

With flagship operations in Singapore and Antwerp, PSA’s global network encompasses more than 50 locations in 26 countries around the world. The group’s portfolio comprises 60 deepsea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services.

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.

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“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,” he said.

Mr Meng said 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,” he said.

“2021 continues to give us the opportunity to reset and reform, as a business and as individuals.”

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