PSA Group sets a record of container throughput in 2021

Port of PSA Singapore (Photo: Global PSA)

PSA has posted record throughput for 2021, with the biggest growth outside of its flagship port in Singapore. Ports group PSA handled 91.5 million TEU globally in 2021, with 1.6% growth at PSA Singapore, delivering record growth of 37.2 million TEU and growth of 8.4% at other ports for a total of 54.3 million TEU.

Tan Chong Meng, CEO of PSA Group, said: “The world in 2021 continued on its roller-coaster ride with widespread supply chain disruptions and congestions coupled with sustained recovery in global trade and demand. Despite the multiple hurdles posed by the global pandemic, PSA contributed to keeping supply chains safe and open for our customers, partners and stakeholders worldwide."

Tan said that PSA will need to find opportunities during the pandemic to stay relevant in the market.

“Over the past two years, we have ridden the waves of the COVID-19 crisis to inculcate in our people greater agility and alignment towards the need for change. PSA will continue to seek win-win partnerships and innovate beyond port operations to provide more efficient and resilient cargo solutions that benefit the greater supply chain ecosystem and catalyze the shift towards sustainable trade,” said Tan.

PSA International (PSA) is a leading port group and a trusted partner for cargo stakeholders. With flagship operations in Singapore and Antwerp, PSA's global network includes more than 50 locations in 26 countries around the world. The Group's portfolio includes more than 60 deepsea, rail and inland ports, as well as affiliates in the distriparks, warehouses and marine services.

Read more:

• Port congestion getting worse as entering 2022 - Sea-Intel
• Global supply chain disruption expected through 2022
• Port of Singapore continues to be the world's No. 1 maritime hub for the eighth consecutive year
• Why does Singapore still maintain its position as the world's leading port despite the pandemic?

Source: Phaata.com (According to PSA International)

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