Singapore: Pacific International Lines (PIL) has entered into a joint venture with PSA Singapore Terminals (PSA) to jointly manage and operate a dedicated container terminal for PIL in Singapore.
The new joint venture terminal, PIL-PSA Singapore Terminal Pte Ltd (PPST), will operate 3 container berths at Keppel Terminal and will have representatives from both companies on its board and management team.
Mr Fock Siew Wah, Group Chairman, PSA International, said, "This joint venture underscores a shared vision between PIL and PSA for strategic growth and in providing unparalleled value to customers. Just as PIL has grown into a global container liner offering Europe-Asia and Transpacific services, PSA remains likewise focused on expanding its operations worldwide, including its hub in Singapore. We are delighted to collaborate with PIL in this joint venture and are committed to delivering world-class standards to service PIL's growing container volumes." [04/01/08]
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