PSA contributed 38.8 million TEUs at its flagship port in Singapore, while operator ports outside Singapore processed 56 million TEUs
PSA International reports that its global port terminals processed a record 94.8 million TEUs in 2023.
PSA contributed 38.8 million TEUs at its flagship port in Singapore, while operator ports outside Singapore processed 56 million TEUs.
Compared to the container data in 2022, the group's container volume increased by 4.3%.
PSA International CEO Tan Chong Meng commented, "Despite many developed countries unanimously promoting economic recovery, the global economy remains volatile in 2023, with the world continuing to experience inflation, rising interest rates, labor market tensions, geopolitical tensions, and ongoing wars, all of which undermine the stability of recovery prospects and disrupt supply chains."
He continued to point out that, Looking ahead to 2024, the prospects for global economic recovery remain uncertain, and the world will face further geopolitical turmoil. Putting PSA's strategic direction first, the company will continue to focus on expanding our core port business and achieving a more flexible and resilient supply chain. Faced with future challenges, we will remain agile, adapt to the uncertainty of the macroeconomic environment, work closely with customers and stakeholders, and become a supply chain collaborator "Tune to achieve more sustainable global trade."