PSA Singapore (PSA) reached a significant milestone, handling over 40 million Twenty-foot Equivalent Units (TEUs) by December 24, 2024.

This new record surpasses PSA's previous annual high of 38.8 million TEUs set in 2023.

PSA said as the world's largest transhipment hub, it reinforces its position as a vital gateway connecting Singapore's economy to the global marketplace and this achievement is driven by a steadfast commitment to ensuring resilient, efficient, and sustainable cargo flow.

[Source: PSA] 

"This record throughput for PSA's flagship terminal in Singapore is a remarkable milestone and exemplifies our commitment to keep global trade flowing," said Ong Kim Pong, Group CEO, of PSA International.

"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," he added.

The PSA chief noted that the company remain dedicated to integrating advanced technology in its operations while working to reinforce its role as a reliable global port operator and a trusted partner for cargo stakeholders.

Nelson Quek, regional CEO of Southeast Asia, PSA International, said this milestone "cements PSA Singapore's position as the world's transhipment hub of choice."

"I am deeply thankful to our customers and stakeholders for their trust and support in PSA Singapore as their go-to partner and provider of hub solutions to support the growth and resilience of their networks."

"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," he added.