PSA acquires stake in Fuzhou terminal

FJCT is PSA’s third joint venture with Fuzhou Port Group (FPG). Together with its current investments in Fuzhou International Container Terminal (FICT) and Fuzhou Qingzhou Container Terminal (FQCT), PSA says the new venture will strengthen its synergy in port management and terminal operations.

PSA and FPG now operate a total of eight berths in the Port of Fuzhou at the three terminals of FQCT, FICT and FJCT.

“I thank Fuzhou Port Group for giving PSA this opportunity to strengthen our 15 year old relationship,” said Tan Chong Meng, Group CEO of PSA. “We are committed to draw on the extensive resources of the PSA Group to help make the Fuzhou Port a major success.”

Ong Kim Pong, PSA’s regional CEO for Northeast Asia, added: “PSA and FPG recognise the tremendous potential of the Fuzhou Port as a major container hub port to support the further development of industries and hinterland investments in south eastern and western China. We will continue to create value and help transform Fuzhou into the regional port of call in the Fujian straits.”

FJCT is equipped with 667m of quay length, three super-post Panamax quay cranes of 23 row outreach each and a deepwater depth of 17.5m.