A record in container throughput at its flagship Singapore terminals helped increase performance at port group PSA International by 5.6% last year.
In what was described by Group CEO Tan Chong Meng as a “difficult year” , the group handled 57.09 million TEUs at its port projects around the world – 29.37 million of which were in Singapore.
Mr Tan said: “2011 posed several challenges for the shipping and port industries as global trade slowed down amidst unfavourable developments, including the Japan earthquake, excess shipping capacity and the ongoing sovereign debt crisis in Europe. As we enter 2012, the outlook for the year remains uncertain as countries struggle with the projected slowdown in growth and the potential impact on national economies.
“The PSA Group came through the difficult business year well and I want to thank our customers and partners for their continuing patronage and support throughout the year.”