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In 2024, Singapore’s port – consisting of terminals operated by both PSA and Jurong Port – surpassed the 2023 record of 39.01 million TEUs.PHOTO: ST FILE |
Esther Loi
DEC 28, 2024
SINGAPORE – Singapore’s largest port operator PSA handled more than 40 million shipping containers, or twenty-foot equivalent units (TEUs), 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 TEUs, said Transport Minister Chee Hong Tat in a Facebook post on Dec 27.
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 TEUs was set in 2023.
In his post, Mr Chee credited the strong tripartite partnership and pro-business approach in the maritime sector for this latest achievement.
He said: “My colleagues and I will press on with our efforts to continue growing our maritime industry in 2025 and beyond, to attract more investments, facilitate more business expansions and create more good jobs for our people.”
PSA said in a statement on Dec 27 that this record reinforces the port’s status as an important gateway that connects Singapore’s economy to the global marketplace.
Mr 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 sq m and will be located within Singapore’s new mega port in Tuas.
With facilities to handle dangerous goods and those that require cold storage, such as pharmaceuticals and chemicals that require special handling, the new hub will improve Singapore’s ability to handle cargo shipments.
Tuas Port, which is being developed in four phases, will be able to handle 65 million TEUs when fully operational in the 2040s, making it the world’s largest automated port.
As at October, 10 of its 66 container berths are in operation, with one more berth expected to begin operations by end-2024.
By 2027, operations at Tanjong Pagar, Keppel, and Brani terminals will be shifted to the $20 billion mega port.
PSA’s previous record of 38.8 million TEUs was set in 2023.
In his post, Mr Chee credited the strong tripartite partnership and pro-business approach in the maritime sector for this latest achievement.
He said: “My colleagues and I will press on with our efforts to continue growing our maritime industry in 2025 and beyond, to attract more investments, facilitate more business expansions and create more good jobs for our people.”
PSA said in a statement on Dec 27 that this record reinforces the port’s status as an important gateway that connects Singapore’s economy to the global marketplace.
Mr 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 sq m and will be located within Singapore’s new mega port in Tuas.
With facilities to handle dangerous goods and those that require cold storage, such as pharmaceuticals and chemicals that require special handling, the new hub will improve Singapore’s ability to handle cargo shipments.
Tuas Port, which is being developed in four phases, will be able to handle 65 million TEUs when fully operational in the 2040s, making it the world’s largest automated port.
As at October, 10 of its 66 container berths are in operation, with one more berth expected to begin operations by end-2024.
By 2027, operations at Tanjong Pagar, Keppel, and Brani terminals will be shifted to the $20 billion mega port.
Meanwhile, the Pasir Panjang terminal will remain open until its operations are consolidated in Tuas by the 2040s.
Mr Nelson Quek, regional CEO of South-east Asia at PSA International, said that the operator will continue working closely with the public and private sectors to deliver new capabilities that will strengthen Singapore’s roles as a critical global trade node and leading international maritime hub.
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 TEUs annually.
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