Specifically, PSA’s volume rose by 5.2% over 2018, with flagship PSA Singapore contributing 36.9 million TEUs, a 1.6% increase and PSA terminals outside Singapore handling 48.3 million TEUs, an 8.1% increase.
Accordingly, Mr Tan Chong Meng, Group CEO of PSA commented that during 2019, the Group broadened its horizons, despite the challenges in the market amid trade wars, climate action and varying technological impacts on business and society.
Also, the CEO thanked their customers and partners for their role in the Group’s improvement.
My deepest appreciation goes out to our unions, staff and management for their sterling teamwork and steadfast contributions throughout the year.
PSA International will now focus on 2020, building and improving their network of ports and keeping up with technologies and empowering relations with supply chain stakeholders.