JV propels multimodal logistics investment

PSA International subsidiary PSA Northeast Asia Supply Chain Pte Ltd (PSA) has signed an agreement with the German multimodal logistics company Duisburger Hafen AG (duisport), trimodal logistics hub and Europe’s largest hinterland hub, to form joint venture company Multimodal Investments Pte Ltd (MIPL), headquartered in Singapore.

Tan Chong Meng, Group CEO at PSA International, said, “This partnership with duisport is a groundbreaking opportunity to collaborate more strongly with global customers seeking direct access to both land-locked and maritime markets in Asia. We look forward to working with supply chain service providers to develop more physical and digital solutions for product redistribution and returns, enhancing the overall supply chain resilience between inland and sea terminals.”

Stake in PSA investments

Through MIPL, duisport will take a stake in PSA’s current investments in China’s multimodal logistics facilities i.e. Sino Singapore Chongqing DC Multimodal Logistics (SSCDC) in Chongqing, and the China United International Rail Co. (CUIRC) rail terminal network.

Drawing on the combined supply chain expertise of PSA and duisport, MIPL will develop value-adding services for customers in Europe and Asia, providing them with efficient multimodal, logistics and digital services through Chongqing and the CUIRC rail terminal network.

Chongqing is the largest multimodal logistics hub in Western China, linked by transport services along the International Land Sea Trade Corridor (ILSTC) and China-Euro Trade Corridor.

SSCDC is a key joint venture under the Chongqing Connectivity Initiative – Singapore’s third Government-to-Government project with China – developing a 33 hectare multimodal distribution hub connected to Yuzui Rail Terminal, located in Chongqing’s Liangjiang New Area.

CUIRC has a network of 13 railway terminals across China, with its newest terminal located in Qinzhou, a key node for rail-sea multimodal services along the ILSTC.