2025 was a year of profound transformation. Geopolitical shifts, rapid advances in AI and technology, evolving labour dynamics and intensifying climate volatility continued to reshape global trade and supply chains.
Despite the myriad challenges, PSA’s ports and terminals worldwide set a new benchmark in annual container throughput – delivering 105 million Twenty-foot Equivalent Units (TEUs), surpassing 2024’s strong throughput performance by 5%.
PSA Singapore achieved a record throughput of 44.5 million TEUs, an 8.7% year-on-year increase, while PSA’s terminals outside Singapore handled 60.4 million TEUs, up 2.0%. On the supply chain front, PSA BDP handled nearly 1.7 million shipments during the year.
Our accomplishments reflect the shared commitment and enduring perseverance of our management, unions and staff, underpinned by disciplined stewardship that continues to strengthen PSA’s operating foundations. I would also like to thank our Board of Directors for its wise counsel and guidance. Just as importantly, my heartfelt appreciation goes to our customers, partners and stakeholders for their longstanding confidence and collaboration.
During the year, we continued to future-proof our container terminals, enhancing port-adjacent capabilities to create value beyond the waterfront, and overlaying these with digital integration to strengthen visibility and coordination.
CONNECTING NODES, SHAPING PORT ECOSYSTEMS
In Singapore, development works at Tuas Port continued, with 12 container berths in operation by the end of 2025. PSA Supply Chain Hub @ Tuas (PSCH), located within the same Free Trade Zone, is scheduled to commence operations in 2027, offering integrated container freight stations, a regional distribution centre, cold store, dangerous goods handling, and other value-added capabilities to serve high value cargo across Southeast Asia, China, and the broader Asia Pacific region.
On 4 September 2025, we officially inaugurated Phase 2 of PSA Mumbai, India’s largest container terminal with an annual handling capacity of 4.8 million TEUs and the capability to handle multiple mega container vessels. Beyond infrastructure, the terminal has contributed to meaningful skilled employment, with the creation of over 1,500 jobs in India’s port sector.
Additionally, PSA Mumbai’s concession was extended till 2048 by the Jawaharlal Nehru Port Authority, supporting its long-term growth and reinforcing the Port’s role as a critical gateway for India’s international trade. Our investment in Mumbai represents the largest foreign direct port investment from Singapore under India’s public–private partnership model, with USD 1.3 billion invested.
Project Emerald, our major redevelopment initiative at the Europa Terminal (ET) in Antwerp, Belgium, is well under way. The project will increase ET’s annual handling capacity to 2.4 million TEUs by 2033, future-proof the terminal, and support the Port of Antwerp Bruges in its transformation into a climate-neutral port. The first of three phases is scheduled for completion in 2026.
In Poland, Baltic Hub strengthened its position as the leading logistics hub in the Baltic Sea with the official opening of its new greenfield 36-hectare T3 terminal on 6 June 2025. The addition of a 717-metre deepwater quay with expanded storage yards and increased annual container handling capacity to 4.5 million TEUs has enhanced Baltic Hub’s capabilities to service the world’s largest container vessels.
In Türkiye, Mersin International Port (MIP) marked the official completion of Phase 1 of its USD 455 million East Med Hub 2 (EMH2) terminal development on 29 May 2025. Equipped with the country’s first fully integrated yard automation system, EMH2 is expected to be completed in the first half of 2026, increasing MIP’s annual capacity to 3.6 million TEUs. Demonstrating the terminal’s capabilities, MIP welcomed MSC IRINA – the world’s largest container ship by capacity – during the year, underscoring its growing role as a strategic global and regional maritime logistics hub and strengthening Türkiye’s position in global trade.
Saudi Global Ports Group’s (SGP) subsidiary, SGP Multipurpose Terminals, officially assumed operatorship of four multipurpose terminals along the eastern coast of Saudi Arabia on 1 July 2025. SGP plans to integrate the terminals with its existing operations across Dammam and Riyadh, investing over SAR 700 million to transform them into more efficient gateways supporting the Kingdom’s robust growth.
In November, SGP advanced Saudi Arabia’s position as a global logistics hub with two landmark developments: SGP Container Terminals inaugurated its Terminal 2 berth expansion, enhancing operational capabilities and increasing handling capacity to 3.8 million TEUs; while the groundbreaking of the Dammam Integrated Logistics Zone at King Abdulaziz Port Dammam marked the start of a 1.1 million square metre development representing an investment of up to SAR 1.3 billion.
In the Americas, Sociedad Puerto Industrial Aguadulce (SPIA) in Colombia continued its expansion initiative to meet growing demand and strengthen its role as a premier trade gateway for Pacific trade. Targeted for completion in 2026, the upgrading project will increase SPIA’s annual handling capacity to 970,000 TEUs.
Exolgan Container Terminal in Argentina commemorated 30 years of successful operations and secured a 10-year concession extension from August 2025, with an option for a further 10 years. The terminal advanced plans for service enhancements supported by a USD 110 million investment to increase handling capacity.
DELIVERING SUSTAINABLE GROWTH
Across our global network, PSA terminals continued to raise the bar in operational excellence, with our commitment to safety and efficiency forming key pillars of sustainable growth.
Safety is a core value and strategic imperative that underpins every aspect of our operations at PSA. The Group’s Lost-Time Injury Frequency Rate (LTIFR) for 2025 stood at 2.47, marking an almost 23% improvement from 3.20 in 2024. Recognising that safety is a promise we make not only to our employees, but to every individual port user, PSA rolled out Group-wide Third-Party Safety Management Guidelines in 2025 to strengthen safety management across our stakeholder group including vendors. We also added an Intensified Safety Programme (ISP) to reinforce leadership accountability and effective risk control. Our business units invested in sensors and telematics to minimise behavioural safety risks, and leverage technology and systems to facilitate safer operations within high-risk environments, reflecting the commitment and shared dedication to safety beyond compliance.
For the year ending 2025, PSA Singapore’s Jurong Island Terminal recorded its highest annual throughput of 212,000 TEUs. In Indonesia, New Priok Container Terminal 1 celebrated a twin milestone by reaching its 10 millionth TEU milestone on the terminal’s ninth anniversary. Baltic Hub in Europe achieved 25 million TEUs since the start of operations 18 years ago. In the Middle East, SGP Container Terminals handled its 15 millionth TEU since commercial operations began in 2015; while in Northeast Asia, China United International Rail Containers (CUIRC) also achieved record throughput of 7.9 million TEUs.
In Northeast Asia, building on Qinzhou Port’s strategic proximity to ASEAN markets, PSA China pioneered a new intermodal corridor through Qinzhou. With the collaboration of Beibu Gulf Port Group and CUIRC, the first trial shipment from Haiphong (Vietnam) to Almaty (Kazakhstan) via Qinzhou Port was successfully completed, enabling seamless cargo flow without container reloading. The new route reduces overall transit time by up to 30 per cent compared with traditional corridors and provides Central Asian customers with faster and more reliable intermodal options.
In an example of PSA’s commitment to delivering integrated solutions that enhance supply chain connectivity, Guangzhou PSA Logistics and Dalian Container Terminal (DCT) provided ExxonMobil with Advanced Inventory Management (AIM) services, using DCT as an advanced storage and inventory point for its cargo. AIM accelerated ExxonMobil’s time to market for its customers in Northern Chinese cities.
During the year, we successfully issued our inaugural 10-year CNH (Offshore Chinese Yuan) Note and 10-year SGD Green Notes under PSA International’s USD 5 billion Global Medium Term Note Programme to fund organic growth.
ENHANCING OUR DIGITAL CAPABILITIES
In 2025, PSA Singapore and Cargo Community Network together launched OptEModal, a digital platform that enables faster, smarter and more coordinated sea air intermodal transhipment – enhancing connectivity, cargo visibility and efficiency for the logistics community across end-to-end supply chains.
Aligned with CrimsonLogic’s role as the PSA Group’s digital enabler, a key milestone in 2025 was the transition of stewardship of Global PORTNET to CrimsonLogic in June. CrimsonLogic subsequently also assumed product development and infrastructure support for PSA’s Global Terminal Operating System.
CrimsonLogic also expanded its Solutions Delivery Centre in Bangalore, India, and launched an EU customs clearance solution – extending its trade facilitation coverage to European trade routes. It secured a contract to develop Nigeria’s National Single Window to streamline trade processes across government agencies; and formed a strategic partnership with business advisory firm BDO Singapore to develop a specialised generative AI advisory platform.
Meanwhile, PSA Group is embarking on a transformational initiative from digital automation to AI cognitive paradigm for growth, returns, and differentiation going forward. This involves both levels of enablement and application across the Group where more developments will be featured in due course.
DEVELOPING PSA'S STEWARDS OF TOMORROW
Our people remain at the heart of PSA’s operational excellence, innovation, and sustainable growth.
We continued to nurture a positive workplace culture centred around the core value of stewardship, and supported our employees in building Capability, deepening Competency, and stretching Capacity. We also reinforced our commitment to the highest standards of corporate governance by updating PSA’s Code of Business Ethics and Conduct (The Code) to include new guidelines on anti-money laundering, cyberthreats and the ethical use of artificial intelligence tools, among others.
Recognising our continued commitment towards building a future-ready workplace, PSA was named one of the “Best Employers Asia-Pacific 2026” by Financial Times and Statista, and one of the “Best Companies Asia-Pacific 2026” by TIME and Statista.
On the first week of December 2025, #TeamPSA around the world came together to mark our inaugural PSA Day – a special moment to pause, reflect and celebrate the spirit of stewardship that defines and differentiates PSA, and to be re-inspired by the daring and determination of our founding pioneers on whose shoulders we stand. PSA Day will become a lasting tradition that brings our global family together, weaving stories of pride, deepening connections and strengthening our identity as a trusted global name.
In an increasingly complex and disrupted world, PSA’s purpose and ambition is clear – to power global trade and create lasting value through responsible stewardship.
What we do keeps trade flowing. Our people and partners rely on us to deliver, and each decision, action and interaction – no matter how small – has the power to shape our success. Individual actions build momentum. Trust is earned, progress follows, and possibilities unfold.
Guided by our purpose, PSA moves with intent and integrity, connecting individual actions and nodes into collective outcomes and synergised networks; to deliver reliable performance, resilient supply chains and sustainable impact across generations.
ONG KIM PONG
