Port of Singapore handles record-breaking 40 million shipping containers in 2024

The Port of Singapore broke the record, set in 2023, of handling shipping containers. Last year, the port handled 39.01 million TEUs or twenty-foot equivalent units.

In the current year, PSA Singapore, the country’s largest transhipment hub, reported handling over 40 million TEUs.

Hailing the feat, Transport Minister Chee Hong Tat wrote on Facebook, “This means that for the full year of 2024, the Port of Singapore (i.e. PSA plus Jurong Port) will surpass our previous record in 2023 of 39.01 million TEUs.”

He also said Singapore is also on track to achieving new highs for total cargo throughput and bunker sales in 2024.

“These achievements are the result of our strong tripartite partnership and pro-business approach in Maritime Singapore, with all stakeholders working closely together to keep our port running and connecting Singapore’s economy to customers and suppliers from around the world,” the Minister 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,” he added.

Talking about PSA’s achievement, Ong Kim Pong, Group CEO, PSA International, said, “This record throughput for PSA’s flagship terminal in Singapore is a remarkable milestone and exemplifies our commitment to keep global trade flowing.”

“Our success is founded on the trust and partnership we share with our management, staff, unions, customers and partners, for which I am profoundly grateful. Building on this positive momentum, we will strive to strengthen the synergies between our port operations and port-adjacent services, connecting our strategic nodes to create a more cohesive and integrated port ecosystem in line with PSA’s Node to Network strategy.

“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,” the executive said.

Nelson Quek, Regional CEO Southeast Asia, PSA International, said, “In what has been an eventful year for the industry, this achievement cements PSA Singapore’s position as the world’s transhipment hub of choice.”

“I am deeply thankful to our customers and stakeholders for their trust and support in PSA Singapore as their go-to partner and provider of hub solutions to support the growth and resilience of their networks. I would also like to extend my deepest appreciation to our staff and unions, whose tenacity and teamwork made this accomplishment possible.

“As the global maritime landscape evolves, PSA will continue to work closely with public and private sector partners to deliver new capacity and capabilities that strengthen Singapore’s standing as a critical node in global trade, and as a leading international maritime hub of choice,” Quek added.