Singapore welcomes Japan relationship
PSA Singapore has linked up with Japan’s Ocean Network Express (ONE) to form a joint venture at the port’s Pasir Panjang Terminal.
The joint venture, which is still subject to regulatory approvals, is scheduled to start operations in the first half of 2019 and will operate four mega container berths with a combined annual handling capacity of 4m teu.
Pasir Panjang Terminal claims to have the “capacity and scale of operations” to meet ONE’s needs for high-quality services and enhanced productivity.
Ong Kim Pong, regional chief executive Southeast Asia for PSA International, described the deal as “win-win and mutually beneficial”. He referred to PSA’s “enhanced products” including data analytics tools as key to improved port efficiency.
Jeremy Nixon, chief executive of ONE, added that the long term strategic partnership with PSA will enable ONE to “further enhance its terminal and vessel planning operations”.
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