Singapore: Nippon Yusen Kaisha, PSA Singapore Terminals and Kawasaki Kisen Kaisha ("K" Line) have agreed to enter a joint venture to operate Singapore's first dedicated car terminal. The new venture, named Asia Automobile Terminal Singapore (AATS), will be operational by January 2009 and will use two berths at PSA's Pasir Panjang Terminal (pictured).
PSA ceo for Southeast Asia & Singapore Terminals, Kuah Boon Wee said, "We are honoured that both NYK and K Line have partnered PSA in making AATS the first joint-venture car terminal in Singapore. We are delighted that our customers see long-term value in Singapore as a transhipment hub for vehicles. Together with all our partners and customers, we hope that this business will continue to grow moving ahead."
PSA, which provides transhipping for finished automobiles for export from Asian countries, is a very important harbour in Asia for NYK's finished-automobile transport service.
In a statement, NYK said, that by this venture, the company would continue to develop its competitive network for the finished-automobile transport service that it offers through the Port of Singapore in order to best position itself to respond to demand in Asian countries, which it believes will increase rapidly in the future. [24/04/07]
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