PSA International recorded a 13 percent growth in net profit last year of US$1.13 billion on the back of asset disposals and strong performance by terminals outside its Singapore base.
The Singapore terminals handled 32.24 million TEUs at a 3.1 percent growth rate while container terminals outside the city-state handled almost 30 million TEUs, up 6.3 percent on 2012.
“PSA has performed creditably amid a difficult year in 2013 which saw unsettling volatility, much uncertainty and uneven growth across the global economic landscape,” said Fock Siew Wah, group chairman of PSA International.
“We achieved 61.8 million TEUs and made good progress on our portfolio of ports in China and Colombia.
However, Fock warned that the challenges facing the container transport industry would continue.
“The volatility, uncertainty and unevenness of growth that plagued 2013 will stubbornly remain as common features for 2014,” he said.
Tan Chong Meng, group CEO of PSA International, said the company would continue to invest in new terminals and upgrade older facilities.
Last year, PSA expanded its presence in Fuzhou, buying a stake in Fujian Jiangyin International Container Terminal, and acquired stakes in a terminal in Lianyungang Port in Jiangsu Province.
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