PSA Singapore, the world’s largest transshipment hub, has achieved a significant milestone by handling over 40 million Twenty-Foot Equivalent Units (TEUs) in 2024. This new record surpasses the previous high of 38.8 million TEUs reached in 2023, underscoring the terminal’s critical role in global trade.
Ong Kim Pong, Group CEO of PSA International, hailed the achievement as a testament to the company’s commitment to ensuring the smooth flow of global trade.
“This record throughput for PSA’s flagship terminal in Singapore is a remarkable milestone. It exemplifies our dedication to keeping global trade moving. As we build on this success, we will continue to strengthen the synergies between our port operations and port-adjacent services. Our goal is to connect our strategic nodes and create a more cohesive and integrated port ecosystem, in alignment with PSA’s Node to Network strategy,” Ong said.
As the premier gateway to global markets, PSA Singapore’s success solidifies its position as an essential link between Singapore’s economy and the global supply chain.
Nelson Quek, Regional CEO of Southeast Asia at PSA International, also highlighted the significance of the achievement.
“This has been an eventful year for the industry, and this milestone cements PSA Singapore’s position as the world’s transshipment hub of choice,” he stated.
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