News / PSA grows its business 'despite industry chaos and economic disruption'

© Serban Enache

Singapore-based port operator PSA International said it managed to grow its container terminal business last year, despite “economic disruptions, rising protectionism and chaotic operating conditions”.

PSA handled 74.24m teu at its container terminals around the world, an increase of 9.8% on 2016.

Turnover increased by 7.8% to S$3.97bn (US$3bn) and net profit was up by 5.1% to S$1.23bn.

PSA group chairman Fock Siew Wah said: “2017 ended on a relatively positive note as global container throughput had its strongest showing since 2011, aided ...