Singapore-based port administrator PSA International dealt with 9.8 percent more container volumes in 2017, contrasted with the earlier year.
The organization recorded an aggregate of 74.24 million TEUs at its port undertakings around the globe for December 31, 2017.
PSA’s leader office, PSA Singapore Terminals contributed 33.35 million TEUs, while terminals outside Singapore took care of 40.89 million TEUs, ascending by 9 percent and 10.4 percent year-on-year, individually.
Tan Chong Meng, Group CEO of PSA, said that in 2017, the worldwide economy saw some recuperation and brilliant spots of development in spite of the fact that the shipping business kept on confronting challenges as the gigantic flood of solidification and alliancing in 2016 started to show its full impacts operationally.
The CEO remarked that PSA showed strength and performed sensibly well against the challenging background and extreme rivalry.