PSA partners with JWD on logistics in Thailand

PSA Southeast Asia has agreed to sell an up-to-20% effective stake in Eastern Sea Laem Chabang Terminal (ESCO) over two stages to JWD InfoLogistics Public Company Limited (JWD), an integrated logistics company in the region.

JWD will work with PSA to develop innovative and sustainable cargo solutions and co-create an Internet of Logistics – a logistics ecosystem of connected and inter-operable nodes underpinned by digitalisation initiatives.

Since 2003, PSA has been a shareholder in ESCO, a container terminal and supply chain operator in Thailand, which operates Terminal B3 at Laem Chabang Port (LCB) and Module B at Lat Krabang Inland Container Depot (LICD).