PSA International achieved a new annual container handling record of 100.2 million Twenty-foot Equivalent Units (TEUs) across its global port terminals for the year ended Dec 31, 2024, according to a release dated Jan 16.
The group says that this is the first time in its history that it surpassed 100 million TEUs handled in a single year.
PSA’s flagship terminal in Singapore reported a throughput of 40.9 million TEUs, an increase of 5.5% y-o-y, while terminals outside Singapore contributed 59.2 million TEUs, a 5.7& y-o-y increase.
PSA operates over 60 deepsea, rail and inland terminals, across more than 180 locations in 45 countries – including two flagship port operations in Singapore and Belgium.
2024 has been a year of measured recovery for the global economy, shaped by ongoing geopolitical conflicts, trade tensions, national elections, fiscal pressures and fluctuating interest rates, says Peter Voser, group chairman of PSA.
“Despite the challenges, we are proud to have achieved this important throughput milestone for the group. Looking ahead, we anticipate further economic uncertainty,” he adds.
