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Singapore port handled over 40 million twenty-equivalent units in 2024
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This surpassed the Southeast Asia port’s 2023 record of 38.8 million TEUs
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The new annual throughput record was achieved last December 24
Singapore port set a new cargo-handling record of over 40 million twenty-foot equivalent units (TEUs) in 2024, surpassing its 2023 record of 38.8 million TEUs.
The new annual throughput record was achieved last December 24, underscoring the port’s consistent “growth and operational excellence,” operator PSA Singapore said in a statement.
As the world’s largest transshipment hub, PSA solidifies its role as a “vital gateway connecting Singapore’s economy to the global marketplace,” driven by a commitment to resilient, efficient, and sustainable cargo flow, the company said.
“This underlines PSA’s crucial role as a key enabler of global trade and connectivity, as well as a trusted partner to its customers and stakeholders,” it added.
“This record throughput for PSA’s flagship terminal in Singapore is a remarkable milestone and exemplifies our commitment to keep global trade flowing.” said Ong Kim Pong, CEO of PSA International.
“Our success is founded on the trust and partnership we share with our management, staff, unions, customers and partners, for which I am profoundly grateful. Building on this positive momentum, we will strive to strengthen the synergies between our port operations and port-adjacent services, connecting our strategic nodes to create a more cohesive and integrated port ecosystem in line with PSA’s Node to Network strategy.”
He added: “We remain dedicated to integrating advanced technology with our operational expertise, while working to reinforce our role as a reliable global port operator and a trusted partner for cargo stakeholders.”
Nelson Quek, Regional CEO Southeast Asia of PSA International, also lauded the accomplishment, stating, “In what has been an eventful year for the industry, this achievement cements PSA Singapore’s position as the world’s transshipment hub of choice. I am deeply thankful to our customers and stakeholders for their trust and support in PSA Singapore as their go-to partner and provider of hub solutions to support the growth and resilience of their networks.”
Quek said: “As the global maritime landscape evolves, PSA will continue to work closely with public and private sector partners to deliver new capacity and capabilities that strengthen Singapore’s standing as a critical node in global trade, and as a leading international maritime hub of choice.”
