facebook_pixel
Ports and Terminals

PSA Announces Container Throughput Performance for 2015

PSA Announces Container Throughput Performance for 2015
Vip Klangchanee

PSA International Pte Ltd (PSA) handled 64.10 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2015. The Group’s volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30.62 million TEUs (-8.7%) and PSA terminals outside Singapore handling 33.48 million TEUs (+5.0%).

Mr. Tan Chong Meng, Group CEO of PSA, said, ‎”2015 was generally a tough year with weak trade growth reflecting unsteady global economic conditions. As such, we recorded lower overall throughput on a year-on-year basis, arising from volume reductions in a few of our terminals.

“Trade in the second half of the year was particularly lacklustre, and this added to the pressures that were already building up due to structural shifts such as ship upsizing, sustained over-capacity, changes in liner alliancing, and the effect of prolonged lower oil prices.

“We have taken these business conditions in our stride, while focusing on improving our facilities and productivity. As ever, we are thankful to our customers for their continued patronage at our terminals around the world. We will continue to invest, to upgrade our operations, and to give our best in serving our customers and partners in anticipation of better times ahead.

“I would like to thank our staff and unions for their staunch support and significant contributions amid challenging circumstances and look forward to working alongside them in the year ahead.”

Ports and Terminals
Vip Klangchanee
@angkoon

Vip has been managing content about shipping and logistics for over ten years. He has a large database of logistics photos and videos just in case you guys are interested.

More in Ports and Terminals

APM Terminals to Sell Zeebrugge Shares to COSCO Shipping Ports

APM Terminals to Sell Zeebrugge Shares to COSCO Shipping Ports

Danny GillSeptember 13, 2017

Kuzma Joins GPA Trade Development Office

Danny GillSeptember 7, 2017
CMA CGM Theodore Roosevelt Visits the Port of Savannah

Savannah Serves Largest Vessel Ever to Call U.S. East Coast

Danny GillSeptember 4, 2017

EUROGATE Wilhelmshaven Plans to Increase Labor Force

Danny GillAugust 29, 2017
Port of Long Beach Sees Busiest Month Ever

Port of Long Beach Sees Busiest Month Ever

Danny GillAugust 16, 2017

Port of Long Beach Commission Approves Communications Director

Danny GillAugust 8, 2017

Bangkok Barge Terminal (BBT) Officially Opens ICD Terminal

Chatchaya JianswatvatanaAugust 2, 2017
Peel Ports Commences Second Phase of Liverpool2

Peel Ports Commences Second Phase of Liverpool2

Danny GillJuly 18, 2017

DP World and Indonesian Government Sign Agreement to Develop Port and Trade Infrastructure

Danny GillJuly 18, 2017