A Cosco Shipping mega-containership has become the largest to call in Saudi Arabia.

Terminal operator PSA Singapore and Ocean Network Express (ONE) inaugurated their joint venture terminal dubbed the Magenta Singapore Terminal in the Lion City earlier this week.

Shanghai Zhenhua Heavy Industries (ZPMC), China’s largest port equipment manufacturer, bagged orders from Singapore-based PSA and Terminal Investments Ltd Group.

Terminal operator PSA International is appointing Peter Voser as its new chairman from 1 April as Fock Siew Wah stands down after 13 years in the post.

While continuing to grow its port's business terminal operator PSA International will also broaden its business to other areas of the supply chain with an aim to co-create the Internet of Logistics.

PSA International (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors, have signed an Agreement, to jointly acquire 100% of the shares of DCT Gdańsk from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.

Cargo volume in Panamanian ports hit a record 7.01m teu last year, but only showed a slight growth of 1.7% compared to 6.89 teu the year before.

 Saudi Global Ports Co (SGPC), the new star on Saudi Arabia’s maritime landscape, is a joint-venture company, formed between the public investment fund (PIF) of the Kingdom of Saudi Arabia and Singapore’s PSA international (PSA). It will develop, operate and manage the second container terminal at the King Abdul Aziz port in Dammam, a key gateway in the Arabian Gulf.

The port of Singapore saw an 8.7% growth in container volumes to hit 36.6m teu last year, confirming the city state's position as the world's second largest boxport.

Ocean Network Express (ONE) is forming a joint venture with PSA in Singapore for a 4m teu capacity container terminal.

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