PSA’s international terminals record 35% growth

PSA’s international terminals record 35% growth    PSA Corp., the Singapore-based global terminal operator, saw its international terminals located outside Singapore increase their combined container volume by 35 percent last year, to 10.4 million TEUs.
   The Singaporean government-controlled group, which operates container terminals in Asia, the Middle East and Europe, could not confirm a report that most of its growth came from Chinese terminals. The Singapore-based port group is involved in terminal operations in the Chinese ports of Dalian, Fuzhou and Guangzhou.
   The 35-percent jump in international container throughput last year lifted PSA’s global volume to 28.5 million TEUs, an increase of 16.3 percent over the 24.5 million TEUs handled in 2002. The global figure includes box volumes at the port Singapore, which increased 7.8 percent in 2003, to 18.1 million TEUs.
   PSA announced in early January that it has received government approval to develop five additional berths at Pasir Panjang terminal, to boost its annual container handling capacity in Singapore by 20 percent, from 20 million to 24 million TEUs.
   PSA is the world’s second-largest container terminal group, after Hutchison Port Holdings.