In the year ending Dec 31, 2020, PSA International has handled 86.6 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world.
The group reported on Jan 14, that its volume increased by 1.7% y-o-y in 2020, with flagship PSA Singapore contributing 36.6 million TEUs and PSA terminals outside Singapore handling some 50 million TEUs, representing a 0.9% decline y-o-y and a 3.7% increase y-o-y respectively.
“2020 was an extraordinary year which saw the world collectively respond to the challenges and changes from Covid-19. As a group, PSA has demonstrated agility and performed credibly against the backdrop of a global pandemic and resulting recession, playing our part alongside as an essential business to keep supply chains open safely,” says Tan Chong Meng, group CEO.
“2021 continues to give us the opportunity to Reset and Reform, as a business and as individuals. The way companies and consumers engage, transact and collaborate has evolved at lightning quick pace, and meanwhile, the climate crisis gains urgency. PSA will continue to invest and innovate on solutions to improve supply chain transparency and to create possibilities for smarter resource efficiencies,” he adds.