PSA makes strong recovery in 2010

News Story
- 27 Jan 2011 ( #498 ) - Singapore
1 min read
PSA International Pte Ltd handled 65.12 million TEUs of containers at all its port projects in the year ended 31 December, 2010.

The group's performance showed a 14.4% increase from 2009. The flagship PSA Singapore Terminals handled 27.68 million TEUs, 10.1% higher than the previous year while PSA terminals outside Singapore handled a total of 37.44 million TEUs, a 17.8% increase from the year before.

PSA International group CEO Eddie Teh says the group recovered some of the volumes it lost during the global economic slump in 2008 and 2009. "Volumes handled in 2010 across our terminals worldwide were higher than anticipated, helped by a much stronger recovery in the first seven months of the year. However, the lower growth rate in the last five months [of 2010] indicates that weaknesses in the major global economies still persist."

Teh expects growth in 2011 to be uneven and "cannot be taken for granted".

PSA International is one of the world's leading global port groups. With its flagship operations in PSA Singapore Terminals and PSA Antwerp, PSA participates in 28 port projects in 16 countries and has a global capacity of 111 million TEUs over 66kms (41 miles) of quay length. It has been voted best global container terminal operating company five times since 2005 at the Asian Freight & Supply Chain Awards.
Chilean port’s equipment investment
Chilean port’s equipment investment 6 Feb 2025 - Port of Iquique, Chile - 1 min read
Interroll completes Indian acquisition
Interroll completes Indian acquisition 12 Sep 2024 - Sant'Antonino, Switzerland - 1 min read
Konecranes to build port cranes in the US
Konecranes to build port cranes in the US 1 Aug 2024 - Springfield, OH, United States - 2 min read
Previously about:
Briefs News Story - 19 Jan 2012 - 2 min read
PSA reports nearly 10% decline in container volumes News Story - 14 Jan 2010 - Singapore - 1 min read
Inaugural scholarships honour late PSA chairman News Story - 7 May 2009 - Singapore - 2 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Lift Technologies Inc.
Global leader - manufactures masts, carriages, sideshifters & fork positioners

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

You might want to check out our service portal as well – it backs you up 24/7!

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

You might want to check out our service portal as well – it backs you up 24/7!

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

You might want to check out our service portal as well – it backs you up 24/7!

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET