PSA International

Leading Port Operators’ Influence Goes Beyond Global Trade

Port and terminal operators play a pivotal role in the global shipping industry. The largest terminal operators, with their strategic control over key ports worldwide, have a profound impact on not only the flow of goods but also the geopolitical landscape. Their influence shapes the dynamics of international trade, giving them a significant role in the global economy and beyond.

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https://container-news.com/leading-port-operators-influence-goes-beyond-global-trade/

PSA International: Driving Global Trade from Key Strategic Ports

PSA International, a global port group headquartered in Singapore, is a leading operator of ports and terminals across the world.

The company’s operations span various continents, but significant nodes within its network include strategic locations near key maritime routes and geopolitically sensitive areas.

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https://container-news.com/psa-international-driving-global-trade-from-key-strategic-ports/

PSA breaks ground on new Supply Chain Hub in Singapore

PSA Singapore has unveiled the PSA Supply Chain Hub @ Tuas (PSCH), a central part of its strategic expansion within Tuas Port, at its groundbreaking ceremony today (18 October).

This state-of-the-art facility, scheduled to be ready by 2027, is poised to transform the logistics and supply chain landscape in Singapore.

Strategically situated next to Tuas Port within the Free Trade Zone, the PSCH will be integrated with Singapore’s extensive supply chain ecosystem, offering connectivity and scale as...

https://container-news.com/psa-breaks-ground-on-new-supply-chain-hub-in-singapore/

PSA acquires Poland’s major intermodal operator

PSA Baltics, a subsidiary of PSA International, a major global port operator, has signed an agreement to acquire an 85% majority stake in Loconi International, one of Poland’s leading intermodal operators, from the publicly traded Polish freight forwarder ATC Cargo.

This move aims to develop new rail products to support PSA’s European container hubs, thereby offering its customers additional options to execute the modal shift from road to rail. With this acquisition, PSA intends to enhance...

https://container-news.com/psa-acquires-polands-major-intermodal-operator/

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...

https://container-news.com/psa-witnesses-container-growth-amid-revenue-and-profit-declines/

PSA breaks container volume record in 2023

PSA International reported a record-breaking year handling 94.8 million TEUs across its port terminals around the world in 2023.

PSA’s flagship terminal in Singapore contributed 38.8 million TEUs and the operator’s terminals outside Singapore handled 56 million TEUs.

The Group’s box volume increased by 4.3% compared to 2022 container figures.

Tan Chong Meng, CEO of PSA International, commented, “Though there was a concerted push for economic recovery in many developed countries, the global economy...

https://container-news.com/psa-breaks-container-volume-record-in-2023/

PSA leads financing round of Bangladeshi truck booking platform

Truck Lagbe, a truck booking logistics platform in Bangladesh, has announced the completion of its Series A+ financing round.

PSA International, a worldwide port operator and supply chain provider, led the financing, with Startup Bangladesh Limited and IDLC Venture Capital Fund I, also participating.

This funding will enable Truck Lagbe to continue expanding its platform and increasing its reach, allowing more companies and consumers to benefit from its transportation solutions.

Since 2017 Truck...

https://container-news.com/psa-leads-financing-round-of-bangladeshi-truck-booking-platform/

PSA Cargo Solutions and BDP International form new brand

PSA International’s business unit, PSA Cargo Solutions (Cargo Solutions) will combine with PSA’s subsidiary BDP International to form a new brand, named PSA BDP.

The new company will be led by Mike Andaloro who will serve as PSA BDP’s CEO. At the same time, he will lead the new company’s Sales and Operations.

Earlier in April 2022, PSA International bought BDP and the new PSA BDP brand aims to blend the complementary strengths and capabilities of both companies.

Since the acquisition, Cargo...

https://container-news.com/psa-cargo-solutions-and-bdp-international-form-new-brand/

COSCO, Hutchison Ports and PSA in eBL agreement

Global Shipping Business Network (GSBN), Saudi Basic Industries Corporation (SABIC), COSCO SHIPPING Lines, Hutchison Ports and PSA International have signed a non-binding memorandum of understanding (MoU) to enable paperless trade.

The agreement will see all signatories leveraging the electronic Bill of Lading (eBL) for export shipments by the shipper SABIC via COSCO SHIPPING’s vessels to ports in Asia operated by Hutchison Ports and PSA.

Additionally, structured data from the eBL issued via...

https://container-news.com/cosco-hutchison-ports-and-psa-in-ebl-agreement/

PSA International reports strong financial results amid slight container drop

PSA International achieved a huge year-on-year increase of 71.2% in its annual revenues reaching US$7.994 billion, driven by business acquisitions and higher storage income.

Additionally, the company’s profit from operations rose by 15.3% to US$2.165 billion, while PSA’s overall net profit for 2022 grew by 13.1%, reaching US$1.621 billion.

“Amidst the many challenges, we stayed focused on our strategic priorities and delivered a
commendable performance,” pointed out Peter Voser, chairman of PSA...

https://container-news.com/psa-international-reports-strong-financial-results-amid-slight-container-drop/

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