PSA achieves good volume growth

“We will continue to build on our global network of ports while leading the charge towards cocreating an Internet of Logistics."

PSA International handled 81.00 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2018.
The Group’s volume increased by 9.1% over 2017, with flagship PSA Singapore contributing 36.31 million TEUs (+8.9%) and PSA terminals outside Singapore handling 44.69 million TEUs (+9.3%).
Tan Chong Meng, Group CEO of PSA, said, “2018 was a dual-speed year. The slow but steady pace of global container trade growth continued, despite geo-political shifts and rising trade barriers.
“At the same time, there was a surge in digitalisation activities within the global supply chain which promised better visibility and efficiency, while the industry continues to grapple with issues of data standardisation and collaboration.
“Against this backdrop, the PSA Group has achieved good volume growth, thanks to the support from our customers and partners globally.
“I would like to express my deepest appreciation to our unions, staff and management for their steadfast dedication and spirited contributions throughout the year. They handled the increased complexity and operational demands from the new state of shipping alliances with aplomb, enabling PSA to be a valued partner to our customers.
“As we run full speed into 2019, we at PSA are excited about the opportunities and challenges ahead in this age of disruptions.
“We will continue to build on our global network of ports while leading the charge towards cocreating an Internet of Logistics – an ecosystem that is plug-and-play, that links up a mesh of communities through interoperability, and which allows us to innovate boldly.
“We pledge our commitment to continue to serve our shipping line customers to the best of our abilities, even as we pursue win-win partnerships with cargo owners and movers, and stretch our capabilities as a team to propel us closer towards our vision of a truly connected and transformed global supply chain.”

Like this article?

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

Donate to Maritime Fairtrade

Your support helps sustain our extraordinary level of research and publication, enabling millions of readers to learn more about the maritime industry and make informed decisions. Thank you for your support.

This is a secure webpage.
We do not store your credit card information.

Related STORIES