The government-controlled company said it handled 65.44m teu in 2014, of which 33.55m teu arrived at Singapore terminals.

This represents a 5.8% increase in its global traffic and a 4.1% boost in domestic cargo.

Tan Chong Meng, chief executive for PSA, said the latest complex alliances led to greater operational demands on port operators.

Last year saw Maersk team up with MSC to form the 2M alliance while France’s CMA CGM joined United Arab Shipping Company (UASC) and China Shipping Container Lines (CSCL) to create the Ocean Three venture.

Germany’s