While the group’s volume decreased by 0.7 per cent over 2021, PSA Singapore still contributed 37.0 million TEU (-0.7 per cent) and PSA terminals outside Singapore handled 53.9 million TEU (-0.7 per cent) according to its recent statement.

Group CEO of PSA, Tan Chong Meng, acknowledged difficulties faced in 2022, with countries still recovering from the global pandemic and dealing with ongoing issues – such as the war in Ukraine, higher energy prices, global inflation, and supply chain disruptions.

Despite this, the CEO praised the ability of PSA’s management, staff, and unions to adapt and continue to meet customer needs.

Going into 2023, the PSA CEO said the group “stands steady against the headwinds that may come our way as we continue to build on our core business of ports” while expanding towards other solutions to enable more resilient supply chains – such as the acquisition of BDP International, Inc (BDP) in April 2022.

“We will partner closely alongside our customers, partners and stakeholders to future-proof our journey ahead and continue in our mission to be a supply chain orchestrator, realise an Internet of Logistics and bring about more sustainable global trade,” he concluded.

Last September, PSA inaugurated Tuas Port with the first three berths operational at Phase One of the development.

Tuas Port has 23 metres of draft alongside, with a total berth length of 26 kilometres.

Source : porttechnology