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PSA invests in third Fuzhou container terminal

PSA invests in third Fuzhou container terminal
PSA International has taken a stake in a third terminal in Fuzhou, China. The Singapore-headquartered terminal operator has taken a stake of an undisclosed size in Fujian Jiangyin International Container Terminal (FJCT), making it the second largest shareholder after Fuzhou Port Group (FPJ).

FJCT has a 667 m of berth with three super post-panamax quay cranes.

It is PSA’s third joint venture with FPJ after its existing investments in Fuzhou International Container Terminal and Fuzhou Qingzhou Container Terminal. PSA operates a total of eight berths at the three terminals in Fuzhou.

“PSA and Fuzhou Port Group recognise the tremendous potential of the Fuzhou Port as a major container hub port to support the further development of industries and hinterland investments in south-eastern and western China,” said Ong Kim Pong, PSA’s regional ceo for Northeast Asia.

“We will continue to create value and help transform Fuzhou into the regional port of call in the Fujian Straits.”

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