PSA Northeast Asia and German multimodal logistics company Duisburger Hafen AG (duisport) recently inked an agreement to form the joint venture company, Multimodal Investments Pte Ltd (MIPL), headquartered in Singapore. The joint venture will invest in multimodal logistics facilities in Asia, enhancing connectivity and trade flows between Europe and Asia.

Group CEO Tan Chong Meng 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.”

For more information, please click HERE for the press release.