PSA International (PSA) and SATS, a ground-handling and inflight catering service provider for Singapore’s airport, have agreed to collaborate on boosting Singapore’s status as a key multimodal transport hub.

PSA International (PSA) has handled increased container volumes globally for 2018 over the previous year on the back of a slow but steady pace of container trade growth.

Although global economic growth continued in the first half, political and economic uncertainties are nevertheless mounting, container manufacturer Singamas Container Holdings said.

Ton van den Bosch, global head of ports & terminals at Ince & Co, highlights the emerging trends in the logistics, intermodal and supply chain sectors and suggests that further consolidation and integration can be expected.

PSA International has become the majority shareholder of Singapore-based trade facilitation services provider CrimsonLogic through an additional subscription of shares and share purchase from fellow Singapore government linked company Enterprise Singapore Holdings.

Joining the trend of port operators building up inland logistics capabilities, PSA International is taking a 60% stake in Ashcroft Terminal (AT), an inland port facility about 300km east of the Port of Vancouver in western Canada.

The president of MAWANI (Saudi Ports Authority) HE Saad Abdulaziz AlKhalb visited PSA’s Saudi Global Ports (SGP) recently, and shared his vision to develop the terminal with a commitment to high standards of productivity and customer service across its operations.

Amid the burgeoning cooperation between Singapore and French companies in the container shipping space, CMA CGM’s Ze Box and PSA unboXed have signed a Memorandum of Understanding (MoU) to drive digitalization and innovation in the shipping and supply chain ecosystem.

The vehicle port handling unit of Indonesian state-owned port operator Pelindo II, Indonesia Kendaraan Terminal (IKT), is planning a listing aiming to raise at least IDR1trn ($71.5m) mainly for capital expenditure and to pay for long-term land leases.

In a tale that proves the adage that the truth can be stranger than fiction last week Panama’s National Assembly repealed the law granting terminal operator PSA’s concession in the country without anybody actually realising it had happened.

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