PSA makes a move on China

The terminal is located in one of the most important economic regions in China. It supports container trade from the hinterland of Shandong and Jiangsu and connects it to shipping routes linking China with Europe, the Americas and the rest of Asia.

Tan Chong Meng, group chief executive, PSA, said: “Lianyungang’s strategic location, established transport infrastructure and extensive hinterland offer tremendous potential for this joint venture to ride the waves of continuous growth in the Yangtze River Delta region.”

Bai Li Qun, group chairman, Lianyungang Port, added: “Lianyungang Port handles the highest intermodal container volume by sea and rail in China, servicing the hinterland of Central and West China. Capitalising on the complementary strengths of both parties, the collaboration between PSA and Lianyungang Port Group will help to spur economic growth in the region.”

PSA and Lianyungang Port Group will take over the container terminal project from China Shipping Container Lines following the completion of the deal, which is subject to regulatory approval.

Lianyungang container terminal has a designed capacity of 2.8 million teu and will be a premium facility to service the world’s mega container vessels. It has 1,700m of quay length, super-post panamax quay cranes and a water depth of 16.5m.

Operations are expected to begin in 2014.