PSA Singapore (PSA) has ramped up its capabilities to support increased activity and mitigate the impact of global supply chain disruptions since the beginning of 2024.
According to PSA Singapore, this includes reinforcing its frontline capacity, commissioning new berths at Tuas Port, and reactivating berths and yard space at Keppel Terminal. As a result, the average wait time at the port in recent weeks has been reduced to two days or less.
As various disruptions, including the Red Sea situation, are still ongoing, the supply chain demand and impact remain volatile. PSA remains committed to work alongside its customers during these uncertain times.
Since the start of 2024, PSA has faced strong berth demand as well as off-schedule vessel arrivals, resulting in high concentrations of vessels arriving during certain days of the week, causing a significant increase in waiting times despite maxing out all of PSA’s berths.
Larger call sizes have required vessels to stay longer, with lengthier transhipment container dwell. This has arisen from a confluence of various factors, including the Red Sea situation (which has indirectly reduced overall global shipping capacity), upstream and downstream ports congestion, and port omissions by shipping lines to recover their schedules, giving rise to substantial changes in vessel arrival patterns and call sizes.
Key facts about PSA
- Singapore’s port has seen about 90% of container vessels arriving off-schedule, up from 77% in 2023.
- Vessel port stays at PSA have increased by 22% compared to last year due to higher demand and container re-handling.
- Container re-handlings on mega vessels berthed at PSA increased by 8% in the first half of 2024 due to high vessel utilization and the Red Sea situation.
- PSA’s proactive efforts and close communications with shipping lines and stakeholders have mitigated the impact of disruptions.
- PSA moved 7% more container volumes in the first half of 2024 compared to the same period last year.
- PSA is committed to long-term strategies, including enhancing capacity and capabilities through automation and smart technologies.
- PSA’s Tuas Port currently operates nine berths and will add two more by the end of the year, with further expansion plans and continued hiring of frontline workers.
- In 2024, PSA hired nearly 1,500 frontline workers to enhance operational capabilities.
leveraging our port facilities, supply chain capabilities, and especially our people, we remain steadfast in enhancing collaboration with our customers to address their bespoke needs amidst the ever-changing global landscape.
… said Ong Kim Pong, Group CEO of PSA International
