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.
Ocean Network Express (ONE) is forming a joint venture with PSA in Singapore for a 4m teu capacity container terminal.
As with many other industries, key players in maritime are increasingly spurred on to accelerate innovation and adopt new technologies in a bid to stay ahead of the curve.
Cosco Shipping Ports (CSP) is adding two more berths to its joint venture terminal in Singapore with PSA Corp.
Singapore is to set up the first 3D printing production facility on-site at port to produce equipment parts.
Quah Ley Hoon, a chief editor at Singapore broadcaster MediaCorp, is to take over from Andrew Tan, as chief executive of the Maritime & Port Authority of Singapore (MPA).