Monday, October 25, 2021
HomeBreaking NewsPSA ports processed 86.6M TEUs of containers last year, up 1.7%

PSA ports processed 86.6M TEUs of containers last year, up 1.7%

  • Flagship terminal PSA Singapore contributed 36.6 million TEUs; PSA terminals outside Singapore handled 50 million TEUs
  • Puerto Aguadulce in Colombia recently received its 1 millionth container
  • Mersin International Port in 2020 became the first port in Turkey to exceed the 2 million TEU mark in a single year

Global port operator PSA International Pte Ltd handled 86.6 million twenty-foot equivalent units (TEUs) of containers at its port projects around the world in 2020, up 1.7% over 2019.

The group’s flagship terminal PSA Singapore contributed 36.6 million TEUs, a decline of 0.9% from 2019, while PSA terminals outside Singapore handled 50 million TEUs, an increase of 3.7% from the preceding year, said PSA in a January 14 statement.

Tan Chong Meng, group CEO, said PSA last year “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.”

And in 2021 amid the lightning pace of port transactions and increasing urgency of the climate crisis, PSA will “continue to invest and innovate on solutions to improve supply chain transparency and to create possibilities for smarter resource efficiencies,” Tan said.

PSA International is a leading port group with flagship operations in Singapore and Antwerp and a global network that encompasses over 50 locations in 26 countries around the world. The group’s portfolio comprises 60 deepsea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services.

PSA also announced earlier this month that Sociedad Puerto Industrial Aguadulce has received its 1 millionth container at Puerto Aguadulce in Buenaventura, Valle del Cauca, Colombia.

The port began operations in 2016 and has become one of the ports with the highest levels of operational productivity and efficiency in the country. It has a capacity of 600,000 TEUs in its first phase.

“Despite the adversities of 2020 for the global economy, we started the new year with this positive news which re-affirms our efforts and our drive towards providing a great gateway for cargoes in the Colombian Pacific region,” said Miguel Abisambra, Puerto Aguadulce general manager.

The port is a latest generation container terminal whose main shareholders are PSA of Singapore and Philippine port operator International Container Terminal Services, Inc.

Moreover, Mersin International Port (MIP), Turkey’s largest container port, has last year become the first port in the country to exceed the 2 million TEU mark in a single year, according to PSA, one of the partners of the port concession.

“MIP has again confirmed its sector-leading position in Turkey by setting this all time record throughput for the year,” said PSA.

Despite the initial volume decline at the start of the pandemic, MIP has managed to make a rapid recovery in the second half of 2020, alongside Turkey’s rising export figures and the increasing requirement for raw materials.

Mersin International Port Management INC. (MIP) is a partnership between PSA, Akfen Holding and IFM Investors. MIP is connected via railways and highways with Turkey’s industrialized cities, such as Ankara, Gaziantep, Kayseri, Kahramanmaraş and Konya, and with bordering countries such as Syria, Iraq and Iran.

Photo by S3l3totsirA 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

three × 5 =

- Advertisment -

Most Popular

- Advertisment -