New joint venture terminal for Singapore

The PPST joint venture agreement was signed on January 4, 2008 in Singapore by signatories and witnesses from both companies.

PSA International Group’s chairman Fock Siew Wah said, “This joint venture underscores a shared vision between PIL and PSA for strategic growth (and) 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.”