PSA International has published its performance results for 2019 and the CEO of the Group highlighted investments made and the path forward in 2020 in a January 14 statement.
“2019 was a year where the PSA Group expanded our horizons, against a backdrop of trade wars, climate action and varying technological impacts on business and society,” said Tan Chong Meng, Group CEO of PSA.
For the year ending 31 December 2019 PSA International handled 85.2 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world.
The Group’s volume increased by 5.2% over 2018, with flagship PSA Singapore contributing 36.9 million TEUs (+1.6%) and PSA terminals outside Singapore handling 48.3 million TEUs (+8.1%).
“By welcoming new terminals like DCT Gdansk, PSA Halifax and Penn Terminals into our fold, we have broadened our reach and ability to offer greater connectivity to new economies in the Baltics and North America,” he added.
“Beyond our traditional port domain, we also redoubled our efforts to develop more transport options for cargo owners and movers through our new PSA Cargo Solutions arm. We also continued to develop CALISTATM as a value-adding and interoperable platform for stakeholders in the global supply chain with Global eTrade Services (GeTS).”
Looking ahead, Meng said: “As we begin a new decade in 2020, PSA will continue to build on our global network of ports while harnessing technologies to improve our productivity to serve our customers better.
“Our vision is to empower supply chain stakeholders with the ability to move their goods with greater intelligence and agility through the Internet of Logistics, and to work alongside our partners to enable greater sustainability for the whole supply chain.”
With flagship operations in Singapore and Antwerp, PSA’s portfolio comprises a network of over 50 coastal, rail and inland terminals in 19 countries.