PSA Singapore (PSA) had a record-breaking 2024, with the company handling more than 40 million twenty-foot equivalent units (TEUs) for the first time, it said on Friday December 27.
This figure breaks the company’s previous annual high of 38.8 million TEUs of containers set in 2023.
In its news release on Friday PSA Singapore, one of the flagship terminals of PSA International, said the milestone highlights the company’s continued growth and operational excellence.
PSA added its achievement is driven by a “steadfast commitment to ensuring resilient, efficient, and sustainable cargo flow.”
“This underlines PSA’s crucial role as a key enabler of global trade and connectivity, as well as a trusted partner to its customers and stakeholders,” the company said.
PSA International Group PSA CEO Ong Kim Pong said that the company “will strive to strengthen the synergies between our port operations and port-adjacent services, connecting our strategic nodes to create a more cohesive and integrated port ecosystem in line with PSA’s Node to Network strategy.”
“This record throughput for PSA’s flagship terminal in Singapore is a remarkable milestone and exemplifies our commitment to keep global trade flowing,” noted Ong Kim Pong.
Nelson Quek, regional CEO Southeast Asia, PSA International, added that PSA will continue to work closely with public and private sector partners to deliver new capacity and capabilities that strengthen “Singapore’s standing as a critical node in global trade, and as a leading international maritime hub of choice.”
He also expressed his appreciation to PSA’s staff and unions, “whose tenacity and teamwork made this accomplishment possible.”
