PSA breaks record with over 40 million TEUs for 2024

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PSA break TEU record with over 40 million TEUs for 2024

PSA Singapore (PSA) has set a new record, handling over 40 million TEUs in 2024, surpassing PSA’s previous annual high of 38.8 million TEUs set in 2023.

Ong Kim Pong, Group CEO, PSA International, said: “Building on this positive momentum, we 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.

“We remain dedicated to integrating advanced technology with our operational expertise, while working to reinforce our role as a reliable global port operator and a trusted partner for cargo stakeholders.”

READ: PSA Antwerp, Combinant boost terminal connectivity

Nelson Quek, Regional CEO Southeast Asia, PSA International, said: “In what has been an eventful year for the industry, this achievement cements PSA Singapore’s position as the world’s transshipment hub of choice.

“As the global maritime landscape evolves, 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.”

Late last year, PSA and Evergreen Marine Corporation (EMC) established a joint venture in Singapore aiming to enhance operational performance.

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