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.
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