PSA recovers in 2010

PSA International Pte Ltd handled 65.12m teu at its global port projects for the year ending December 31, 2010 up 14.4% over 2009 with 27.68m teu (+10.1%) contributed by its flagship PSA Singapore Terminals and 37.44m teu (+17.8%) from the PSA terminals outside Singapore.

Eddie Teh, PSA International’s Group CEO said, "The PSA Group recovered some of the volumes lost during the global economic slump in 2008 and 2009, and volumes handled in 2010 across our terminals worldwide were higher than anticipated helped by a much stronger recovery in the first seven months of the year. However, the lower growth rate in the last five months up to December 2010 indicates that weaknesses in the major global economies still persist and growth in 2011 is expected to be uneven and cannot be taken for granted”.
(Source:www.container-mag.com)