Singapore-based PSA International reported a 2.9 percent increase in box volume handled in 2013, processing 61.81 million TEUs (20-foot-equivalent units) of containers at its port projects around the world.
For the year ended December 31, the global port operator said the flagship PSA Singapore Terminals contributed 32.24 million TEUs for a 3.1 percent growth, while terminals outside the city-state processed 29.57 million TEUs, a 2.7 percent expansion from 2012.
Adjusting for port portfolio changes, the group’s like-for-like volume growth over 2012 is 4.6 percent, with stronger performance from the overseas terminals, a company media release said.
“2013 has been an exciting and challenging year for PSA,” said Tan Chong Meng, group CEO. “The group invested in and upgraded our facilities and equipment, stretched ourselves to handle ever larger mega ships, and exceeded the exacting demands our customers have placed on us.”
For 2014, PSA said it will continue with its 2013 action program of upgrading its global terminals and investing in both new growth markets and existing portfolio.