Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

ONE and PSA in joint venture container terminal in Singapore

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

Singapore-headquartered and Japanese-owned ONE, has formed a joint venture with PSA Singapore for a four mega-container ship berth terminal at Pasir Panjang Terminal. The joint venture terminal is scheduled to begin operations in the first half of next year subject to regulatory approvals. The terminal will have an annual capacity of 4m teu.

Jeremy Nixon ceo of ONE said: “Through this joint venture in Singapore, ONE will be enabled to further enhance its terminal and vessel planning operations in an even closer co-operation with PSA. This will improve our service reliability and benefit our customers through better service levels.”

Ong Kim Pong, regional ceo Southeast Asia for PSA International said: “Recently, PSA has developed many enhanced products including data analytics tools to boost port efficiency and initiatives for cargo solutions to address market needs. We look forward to working alongside with ONE to grow its value, strengthen its position as a major global player, and at the same time, enhance the status of the Port of Singapore as a premier global container and cargo orchestration hub.”

ONE, a joint venture between the container lines of NYK, MOL and K Line, is the latest major line to form a joint venture terminal company with PSA in Singapore. Last month Cosco Shipping Ports and PSA joint venture Cosco-PSA Terminal announced it would be increasing annual capacity from 3m to 5m teu.

Read more: Cosco Shipping Ports adding 2m teu in capacity at PSA in Singapore

Other lines with joint venture terminals in Singapore include Pacific International Lines, MSC and CMA CGM.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish