SIMIC

The group's volume increased by 1.7 per cent over 2019, with flagship PSA Singapore contributing 36.6 million TEU, down 0.9 per cent. PSA terminals outside Singapore handling 50 million TEU, an increase of 3.7 per cent compared to the previous year..

Tan Chong Meng, Group CEO of PSA, said: "2020 was an extraordinary year which saw the world collectively respond to the challenges and changes from Covid-19.

"As a Group, PSA has demonstrated agility and performed credibly against the backdrop of a global pandemic and resulting recession, playing our part alongside as an essential business to keep supply chains open safely."

Looking ahead, Mr Tan said that 2021 will continue to give the company the opportunity "to reset and reform", as a business and as individuals.

"PSA will continue to invest and innovate on solutions to improve supply chain transparency and to create possibilities for smarter resource efficiencies. Our goal is to move the world's goods, for the greater good," Mr Tan said in a statement.