PSA and Duisport in Asia multimodal logistics investment jvPSA and Duisport in Asia multimodal logistics investment jv

The two companies have formed a joint venture Multimodal Investments Pte Ltd (MIPL) headquartered in Singapore.

The joint venture will see duisport taking a stake in PSA’s investments in  China multimodal logistics facilities such as the Sino Singapore Chongqing DC Multimodal Logistics (SSCDC) in Chongqing, and the China United International Rail Co. (CUIRC) rail terminal network.

“Our participation in this authoritative network opens up new opportunities for European companies, in particular in markets that were previously closed to them,” said said Erich Staake, CEO, duisport

“The combination of efficient rail infrastructure and innovative digital services associated with the joint venture is, in my opinion, unprecedented anywhere in the world. For our customers and partners, this cooperation offers completely new perspectives - and entrepreneurial opportunities. Multimodal Investments will become one of the decisive growth drivers for rail freight transport between Europe and Asia.” 

Tan Chong Meng, Group CEO, PSA International, said, “This partnership with duisport is a groundbreaking opportunity to collaborate more strongly with global customers seeking direct access to both land-locked and maritime markets in Asia.

“We look forward to working with supply chain service providers to develop more physical and digital solutions for product redistribution and returns, enhancing the overall supply chain resilience between inland and sea terminals.”

Related:PSA global container volumes up 1.7% in 2020