SINGAPORE's largest port operator PSA handled more than 40 million TEU in 2024, a record-breaking feat that it has called a "significant milestone".
This means that in 2024, Singapore's port - consisting of terminals operated by both PSA and Jurong Port - surpassed the 2023 record of 39.01 million TEU, said Transport Minister Chee Hong Tat in a recent Facebook post.
Mr Chee added that the port is also on track to achieving a new record for total cargo throughput and bunker sales in 2024.
PSA's previous record of 38.8 million TEU was set in 2023, according to The Straits Times of Singapore.
In his post, Mr Chee credited the strong tripartite partnership and pro-business approach in the maritime sector for this latest achievement.
PSA said in a statement on that this record reinforces the port's status as an important gateway that connects Singapore's economy to the global marketplace.
Ong Kim Pong, group chief executive of PSA International, described this record throughput for Singapore's port, the world's largest transshipment hub, as a "remarkable milestone".
He added that the operator will work towards strengthening the links between its port operations and other port-related services, to create a more unified port ecosystem.
"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," said Mr Ong.
In October, PSA started construction work on a new $647.5 million Tuas warehousing facility equipped with advanced robotics and automation systems.
Set to be completed in the second quarter of 2027, this new PSA supply chain hub will span more than 185,000 square metres and will be located within Singapore's new mega port in Tuas.
Tuas Port, which is being developed in four phases, will be able to handle 65 million TEU when fully operational in the 2040s, making it the world's largest automated port.
The latest record means Singapore remains one of the busiest ports in the world. The port of Shanghai continues to occupy the top spot, setting a record in 2024 for being the first port in the world to handle more than 50 million TEU annually.
https://www.shippingazette.com/news?news_id=9241200000912
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