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PSA and ONE to form joint venture terminal in Singapore
An Ocean Network Express vessel at berth

PSA and ONE to form joint venture terminal in Singapore

PSA Singapore (PSA) and Ocean Network Express (ONE) have formed a joint venture company at the Pasir Panjang Terminal, scheduled to commence operations in the first half of 2019.

The two companies will operate four mega container berths with a combined annual handling capacity of 4m teu.

The Japanese carrier follows the likes of CMA CGM and COSCO Shipping in securing its own berths at Singapore’s Pasir Panjang Terminal, which is the biggest transhipment hub in Southeast Asia.

Ong Kim Pong, regional CEO of Southeast Asia at PSA, said: “Recently, PSA has developed many enhanced products including data analytics tools to boost port efficiency and initiatives for cargo solutions to address market needs.

“We look forward to working alongside ONE to grow its value, strengthen its position as a major global player, and at the same time, enhance the status of the Port of Singapore as a premier global container and cargo orchestration hub.”

Jeremy Nixon, CEO of ONE, added: “Through this joint venture in Singapore, ONE will be enabled to further enhance its terminal and vessel planning operations in an even closer cooperation with PSA.”