PSA witnesses container growth amid revenue and profit declines

PSA International has announced a container throughput of 94.8 million TEUs in 2023, representing a growth of 4.3% compared to the last year.

According to the company’s results, PSA Singapore contributed 38.8 million TEUs, and PSA terminals outside Singapore delivered a total throughput of 56 million TEUs, both increasing 4.8% and 3.9% respectively from 2022.

At the same time, PSA Group reported that its revenue decreased by 11.2% to US$7 billion due to challenging market conditions and weak...

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