PSA International (PSA) has released its container throughput figures for 2021. The group handled 91.5 million TEU in 2021, a 5.6% increase on the 86.6 million TEU it handled in 2020.
Most of the growth came from outside Singapore. PSA terminals outside Singapore delivered a total throughput of 54.3 million TEUs, increasing 8.4% over 2020.
PSA Singapore contributed 37.2 million TEUs, an increase of 1.6% from 2020, which is only marginally ahead of the 36.89 million TEU Singapore handled in 2019, before the COVID-19 pandemic impacted global trade.
In financial metrics, PSA Group revenue increased by 11.7% over 2020 to reach approximately US$4.7 billion in 2021, on higher throughput and storage revenue. During the same period, profit from operations increased by 13.7% surpassing US$1.38 billion, and overall net profit for the year increased by 18.2% from previous year due to the growth in other income and lower financing cost.
“The PSA global team has shown its spirit and tenacity throughout a year of supply chain shocks and COVID-related starts and stops. Together with our customers and partners, we have kept supply chains flowing to the best of our ability. This has enabled PSA to put in a record performance for the year, even while we continued our efforts to build positive climate change momentum through our supply chain sustainability initiatives and investments,” said Peter Voser, Group Chairman, PSA International.
“As a global port operator and cargo solutions provider, PSA is well-positioned to accelerate the shift towards sustainable trade. We are building up our physical, technological and digital capabilities so that we can provide more innovative cargo solutions and enable agile, resilient and sustainable supply chains,” added Tan Chong Meng, Group CEO, PSA International.
“In our drive to realise the Internet of Logistics vision, we will continue to collaborate with like- minded partners, customers and suppliers. Alone, we each have the potential to achieve success. Together, we will have even wider opportunities to chart supply chain transformation for the greater good and amplify our collective positive impact for all our stakeholders.”