PSA records 2009 throughput drop

For fresh produce marketing in Australia and New Zealand
Carl Collen

BY CARL COLLEN

PSA records 2009 throughput drop

Year-on-year throughput volumes at the Singapore-based port group fell for the first time in 2009

PSA records 2009 throughput drop

Related Articles

The group handled 56.93 TEUs (20ft equivalent units) of containers at its port projects across the world during 2009, an overall reduction of 9.9 per cent, with PSA Singapore Terminals contributing 25.14m TEUs (a drop of 13.1 per cent) and PSA terminals outside of the country handling 31.78m TEUs (down 7.1 per cent).

"2009 was a year of unprecedented hardship and challenges for the port and shipping industries," said PSA chief executive office Eddie Teh. "The global economic downturn and massive slump in global trade caused a drastic drop in demand for container shipping.

"PSA took urgent measure in 2009 to reset its capacity needs and reduce operating costs without compromising on the quality, reliable services we provide to our shipping line customers," he added, "and we will continue to work very closely with all our customers through these difficult times."

comments powered by Disqus

Keep informed...