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Indiaexportnews.com

PSA throughput increased 5.2%

  11.01.2013    

PSA International Pte Ltd (PSA) handled 60.06 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2012. The Group’s throughput increased 5.2% over 2011 on the back of contributions from the flagship PSA Singapore Terminals with 31.26 million TEUs (+6.4%) and PSA terminals outside Singapore with 28.80 million TEUs (+3.9%).
Mr Tan Chong Meng, Group CEO of PSA International, said, “2012 was another challenging year for shipping and port industries as global trade growth continued to be weak, undermined by volatile market conditions, including the ongoing sovereign debt crisis in Europe, sluggish recovery of the American economy, turmoil in the Middle East and the slowdown of economic growth in China.
The PSA Group has pulled together well to weather the year with resilience. I would like to express our gratitude to our customers and partners for their continued patronage and support. PSA will continue to invest in new port projects and upgrade our current facilities and terminals to better serve their needs globally.
I am also very thankful to the management, staff and unions of PSA for working closely together to strengthen operational processes, develop our people and make PSA the preferred port of call for our customers and partners around the world.”


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