Terminal stake sale

The agreement with JWD InfoLogistics Public Company Limited (JWD) will see an up-to-20% effective stake in Eastern Sea Laem Chabang Terminal (ESCO) sold over two stages.

Ong Kim Pong, regional CEO Southeast Asia at PSA International, said: “PSA is delighted to welcome JWD into the fold as a strategic supply chain partner at ESCO. In a new normal beset by supply chain disruptions, forging close collaborations and partnerships between key supply chain operators has become increasingly important. In this regard, we look forward to leveraging the combined strengths of PSA and JWD to enhance ESCO’s overall value proposition and deliver customised solutions to our customers.”

Sustainable cargo solutions

PSA has been a shareholder of ESCO since 2003. The Thailand-based container terminal and supply chain operator manages Terminal B3 at Laem Chabang Port (LCB) and Module B at Lat Krabang Inland Container Depot (LICD), offering a wide range of logistics services covering container handling, container storage, warehousing, multi-modal transportation and customs clearance.

JWD, an integrated logistics company with a presence in Thailand and Southeast Asia, 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.

The combination of PSA and JWD will elevate ESCO’s unique strategic position as a regional holistic supply chain operator, covering multi-dimensional and multi-modal flows of physical (cargo), digital and financial.

The transaction is expected to close before the end of the year.