SINGAPORE's global port operator PSA International (PSA) posted a two per cent year-on-year decline in throughput to 64.1 million TEU at all its terminal operations worldwide, said the company.
The group's flagship PSA Singapore Terminals posted a 8.7 per cent decline to 30.62 million TEU while terminals outside Singapore handled 33.48 million TEU, up five per cent.
"2015 was a tough year with weak trade growth reflecting unsteady global economic conditions," said PSA chief executive Tan Chong Meng.
"As such, we recorded lower overall throughput on a year-on-year basis, arising from volume reductions in a few of our terminals.
Trade in the second half of the year was particularly lacklustre, and this added to the pressures that were already building up due to structural shifts such as ship upsizing, sustained overcapacity, changes in liner alliances, and the effect of prolonged lower oil prices," he said.
We will continue to invest, to upgrade our operations, and to give our best in serving our customers and partners in anticipation of better times ahead," said Mr Tan.
PSA participates in around 40 terminals in 16 countries across Asia, Europe and the Americas with flagship operations in PSA Singapore Terminals and PSA Antwerp.
PORTS
15 January 2016 - 21:18
PSA International 2015 volume slips 2pc to 64.1 million TEU worldwide
SINGAPORE's global port operator PSA International (PSA) posted a two per cent year-on-year decline in throughput to 64.1 million TEU at all its terminal operations worldwide, said the company.
PORTS
15 January 2016 - 21:18
PSA International 2015 volume slips 2pc to 64.1 million TEU worldwide
This news 4260 hits received.
These news may also interest you