Singapore's PSA box volume up 5.2pc to 60.06 million TEU in 2012

SINGAPORE's PSA International, the world's No 1 container terminal operator, posted a 5.2 per cent year-on-year increase in global throughput to 60.06 million TEU in 2012.

It's main Singapore Terminals posted a 6.4 year-on-year increase to 30.26 million TEU, plus a 3.6 per cent increase during the same period to 28.8 million TEU at its facilities in 17 countries outside the Lion City.

"The PSA Group has pulled together with resilience. 2012 was another challenging year for shipping as global trade growth continued to be weak, undermined by the ongoing debt crisis in Europe, the sluggish recovery of the American economy, turmoil in the Middle East and the slowdown in China," said PSA International CEO Chong Meng.

"PSA will continue to invest in new port projects and upgrade our current facilities and terminals to better serve their needs globally," he said.