CMA CGM and PSA create container terminal joint venture

CMA CGM and PSA Singapore Terminals will form a joint venture company CMA CGM-PSA Lion Terminal (CPLT) to operate and use four mega container berths at Pasir Panjang Terminal (PPT) Phases 3 and 4 in Singapore.

CPLT will start operations from the second half of 2016, providing long-term terminal services to CMA CGM and its shipping line affiliates.

PPT Phases 3 and 4 were opened in June 2015, although the expansion will become fully operational by the end of next year, giving Singapore Port an annual capacity of 50m teu.