PSA celebrates rise in throughput
26 Jan 2012
PSA International handled 57.1m teu at its global facilities in 2011, an increase of 5.6% over 2010.
The growth is attributed to a 6.1% growth in PSA Singapore Terminals handling, and a 5% increase in volumes at PSA terminals outside Singapore.
Tan Chong Meng, group chief executive of PSA International, said: “2011 posed several challenges for the shipping and port industries as global trade slowed down amidst unfavourable developments, including the Japan earthquake, excess shipping capacity and the ongoing sovereign debt crisis in Europe.
“As we enter 2012, the outlook for the year remains uncertain as countries struggle with the projected slowdown in growth and the potential impact on national economies.
