Introduction
From its humble beginnings at the mouth of the Singapore River, the Port of Singapore has grown to become the world’s largest transhipment hub, and a global brand name in terminal operations.
Last year, the Port of Singapore was the world’s busiest port, handling an astounding 23.2 million Twenty-foot Equivalent Units (TEUs) of containers. Out of these, PSA Singapore Terminals moved 22.28 million TEUs through its terminals, and registered another record year in terms of throughput.
In Singapore, PSA operates four container terminals at Tanjong Pagar, Keppel, Brani, and Pasir Panjang, with a total of 41 berths. Together, they operate as one seamless and integrated facility.
Business strengths
PSA’s strength lies in our ability to handle large-scale, complex transhipment arrangements efficiently, and value-add to our customers’ needs in their hubbing operations. The record 22.28 million TEUs of containers handled in 2005 is testimony to PSA’s reputation as the hub port of choice, and a vote of confidence from our customers. PSA’s position as a standard-bearer of excellence in port operations has consistently been recognised by the shipping community.
PSA Singapore Terminals is among the few terminals in the world with the scale, productivity and management expertise to provide reliable and efficient services to our customers. PSA capitalises on its IT strengths and operational capabilities to help vessels complete their operations in the shortest time possible, and provide ‘catch-up’ services for ships with demanding schedules to make tight connections.
The deployment of ultra large containerships means that ports have to be more efficient and productive to handle the increased capacity. Otherwise, the vessels will have to prolong their port stay. To meet the present and future needs of our customers, PSA Singapore Terminals has fast-tracked its expansion plans. As part of its strategy to sustain long-term growth and maintain Singapore’s premier status as the world’s largest transhipment hub, PSA Singapore Terminals will add a total of 15 new berths at Pasir Panjang Terminal (PPT) by 2011. The 15 new berths are expected to boost PSA Singapore Terminals’ annual handling capacity of 20 million TEUs to 31 million TEUs, an increase of 55 percent.
Phase two development at PPT
With growing business volumes, PSA’s focus in 2005 was to bring on new capacity as quickly as possible, while improving operational efficiency at the same time.
PSA embarked on PPT’s phase two development in 2005 with the construction and commissioning of new berths, adding on to the six existing berths that formed PPT’s phase one development. The development of the new berths at PPT is already well ahead of schedule. Four of these new berths came into operation last year, even though only three berths were initially planned for 2005. Another four new berths are scheduled to be commissioned in 2006.
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