PSA reports TEU volumes up 6.4% in 2012

   PSA International handled 60.06 million TEUs at its terminals in 2012, 5.2 percent more than in 2011.
   Volumes were up 6.4 percent to 31.26 million TEUs at the flagship PSA Singapore Terminals and up 3.9 percent to 28.8 million TEUs outside Singapore.
   PSA is one of the largest global port groups. With its big operations in Singapore and Antwerp, PSA participates in 29 port projects in 17 countries across Asia, Europe and the Americas
   Tan Chong Meng, group chief executive officer of PSA International, said, “2012 was another challenging year for shipping and port industries as global trade growth continued to be weak, undermined by volatile market conditions, including the ongoing sovereign debt crisis in Europe, sluggish recovery of the American economy, turmoil in the Middle East and the slowdown of economic growth in China. The PSA Group has pulled together well to weather the year with resilience.”
   He said “PSA will continue to invest in new port projects and upgrade our current facilities and terminals to better serve their needs globally.” – Chris Dupin