PSA acquires new container terminal in Lianyungang Port

This investment is the first collaboration of PSA with the Lianyungang Port Group and marks PSA’s first major foray into the Yangtze River Delta region – one of the most important economic regions in China linking many key cities. The terminal will support the container trade originating from the hinterland of Shandong and Jiangsu, China’s second and third largest economic provinces respectively, and connecting it to the shipping routes linking China with Europe, the Americas and the rest of Asia.

The established rail connections, in particular the New Eurasia Land Bridge, originating from Lianyungang Port to China’s central and western regions, Central Asia and Eastern Europe will provide an integrated intermodal network.

The terminal is scheduled to commence operations in 2014 and has a designed capacity of 2.8m teu and will service the world’s mega container vessels. It has 1,700 m of quay length, a water depth of 16.5 m and equipment includes Super-Post Panamax quay cranes (23-row outreach).