Friday , 24 November 2017
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CMA CGM and PSA launch second phase of terminal
French President François Hollande (third from left) at the opening

CMA CGM and PSA launch second phase of terminal

CMA CGM Group and PSA have opened the second phase of their container terminal joint venture (JV) in Singapore, the French carrier’s regional transhipment hub.

The CMA CGM – PSA Lion Terminal (CPLT) now has two more berths and a total operating capacity of 4m teu.

When it opened in July 2016, the facility had two mega container berths at PSA Singapore’s Pasir Panjang Terminal 5 (PPT 5), with an annual capacity of 2m teu.

CPLT has recorded an average gross berth productivity of more than 160 moves per hour for mega vessels since the start of 2017.

Jean-Yves Duval, senior vice president Asia of CMA CGM’s Asia regional office, said: “This is another exciting milestone for CMA CGM as part of the group’s continuing efforts to make Singapore our main hub in the region, while reiterating the importance of Singapore to our global strategy.”

Ong Kim Pong, regional CEO for Southeast Asia at PSA International said that the terminal operator was honoured to serve as the long haul Asian hub for the French shipping line, which is the third largest in the world.

CMA CGM had previously used Port Klang in Malaysia as its regional hub but opted for Singapore as part of its acquisition last year of the then locally owned Neptune Orients Lines (NOL).

According to the latest information published by the Ocean Alliance, which CMA CGM is a member of, CPLT will receive six separate vessel calls made by the alliance.