Singapore PSA sees 12% throughput rise in first quarter

Singapore port operator PSA International reported a 12 percent increase in throughput in the first three months of 2008 compared with a year earlier.
PSA handled handled 7.12 million TEUs, compared with 6.36 million TEUs in the same period last year.
PSA Singapore will spend US$1.48 billion to expand its port's capacity by 40 percent in five years to cope with higher anticipated volumes.