PSA International (PSA) handled container volumes of 90.9 million Twenty-foot Equivalent Units (TEUs) at its port projects around the world for the year ending 31 December 2022. The Group’s volume decreased by -0.7% over 2021, with flagship PSA Singapore contributing 37.0 million TEUs (-0.7%) and PSA terminals outside Singapore handling 53.9 million TEUs (-0.7%).

Group CEO Tan Chong Meng said, “The world experienced another challenging year in 2022 and although most countries were emerging from the global pandemic, many continued to suffer from the negative aftershocks which were compounded by the war in Ukraine, higher energy prices, global inflation and supply chain disruptions.

“Despite the challenges, I was heartened by the ability of our management, staff and unions to adapt and to honour promises to our customers across PSA’s ports, cargo solutions, marine and digital businesses – they showed their grit, resilience and an abiding commitment to excellence. Just as importantly, I am deeply grateful for the continued support of our customers and partners as we worked closely together to keep cargo moving and trade flowing.

“Going into 2023, the world is experiencing deep transitions towards new realities and while these times of change can be uneasy, PSA stands steady against the headwinds that may come our way as we continue to build on our core business of ports and – coupled with the acquisition of BDP International last year – widen our focus in enabling more agile, resilient and sustainable supply chains. We will partner closely alongside our customers, partners and stakeholders to future-proof our journey ahead, and continue in our mission to be a supply chain orchestrator, realise an Internet of Logistics and bring about more sustainable global trade.”

For more information, please click HERE for the press release.

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