PSA International said it handled 57.09 million 20-foot equivalent units (TEUs) of containers at its port projects worldwide in 2011, an increase of 5.6 percent over 2010.
The global port operator said this figure excludes throughput contribution from the PSA group’s port assets in Hong Kong, which were sold to the Singapore-listed HPH Trust in March 2011. Inclusive of that in its reported accounts, PSA International’s volume would be 59.3 million TEUs.
PSA International said much of the container growth was due to contributions from the flagship PSA Singapore Terminals, which set a new record of 29.37 million TEUs (up 6.1 percent) and PSA terminals outside Singapore with 27.72 million TEUs (up 5 percent).
“[The year] 2011 posed several challenges for the shipping and port industries as global trade slowed down amidst unfavourable developments, including the Japan earthquake, excess shipping capacity and the ongoing sovereign debt crisis in Europe. As we enter 2012, the outlook for the year remains uncertain as countries struggle with the projected slowdown in growth and the potential impact on national economies,” said Tan Chong Meng, CEO of PSA International, in a media statement on January 13.
With its flagship operations in PSA Singapore Terminals and PSA Antwerp, PSA International participates in 29 port projects in 17 countries across Asia, Europe and the Americas.
Photo by soham_pablo
