PSA Singapore sets record container throughput

December 31, 2024, by Naida Hakirevic Prevljak

On 24 December, Singaporean port operator PSA Singapore (PSA) reached a significant milestone, having handled over 40 million TEUs in 2024.

As informed, the new record surpasses PSA’s previous annual high of 38.8 million TEUs set in 2023, highlighting the company’s continued growth. As the world’s largest transshipment hub, PSA reinforces its position as a vital gateway connecting Singapore’s economy to the global marketplace.

This achievement is said to be driven by “a steadfast commitment to ensuring resilient, efficient, and sustainable cargo flow”.

PSA Singapore’s 55 berths at the City Terminals, Pasir Panjang Terminals and Tuas Port possess a container handling capacity of 43.9 million TEUs. The port operator’s latest facilities at Pasir Panjang Terminals and Tuas Port can serve the world’s largest container vessels. They are equipped with 18-meter deep water draft, quay cranes with reach across 24 rows of containers and are supported by a fully automated electric yard crane system.

“This record throughput for PSA’s flagship terminal in Singapore is a remarkable milestone and exemplifies our commitment to keep global trade flowing… Building on this positive momentum, we will strive to strengthen the synergies between our port operations and port-adjacent services, connecting our strategic nodes to create a more cohesive and integrated port ecosystem in line with PSA’s Node to Network strategy,” Ong Kim Pong, Group CEO, PSA International, commented.

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“In what has been an eventful year for the industry, this achievement cements PSA Singapore’s position as the world’s transshipment hub of choice,” Nelson Quek, Regional CEO Southeast Asia, PSA International, said.

“As the global maritime landscape evolves, PSA will continue to work closely with public and private sector partners to deliver new capacity and capabilities that strengthen Singapore’s standing as a critical node in global trade, and as a leading international maritime hub of choice.”

In related news, PSA and Taiwanese container shipping company Evergreen Marine Corporation recently formed a joint venture in Singapore aiming to enhance operational excellence and achieve greater synergies in container operations. As explained, the strategic partnership will offer long-term terminal capacity assurance to Evergreen’s “fast-expanding” global vessel fleet in PSA Singapore.