PSA expands into China

Singapore-listed port operator PSA International has signed a joint venture (JV) agreement with Beibu Gulf Port Group (BPG) and Pacific International Lines (PIL) to operate a new container terminal in Qinzhou, Guangxi, China.

The JV terminal is PSA’s first foray in the South-Western China region – one of the fastest growing economic regions in China and earmarked by the Chinese government under “One Belt, One Road” as a key area for coastal development and collaboration with ASEAN countries.

Beibu Gulf-PSA International Container Terminal (BPCT) aims to support container trade growth in the region and in the vast hinterlands of Chongqing, Guangxi, Hunan, and Sichuan. It will also connect the region to key shipping routes linking China to Southeast Asia, East Africa, and the Mediterranean.