PSA Singapore recently clinched two awards for their Prime Mover (PM) Telematics initiative, which uses technology to enhance safety. Part of the comprehensive safety system on prime movers, PM Telematics has made notable contributions towards safety and health by detecting sudden changes in speed and angles of movement, as well as behavioural [...]
PSA BDP has signed a Memorandum of Understanding (MOU) with Dow Chemical International (Dow India), announcing a first-of-its-kind sustainable transport solution in India. PSA BDP India will deploy electric trucks for import and export container trucking via PSA Mumbai, PSA Ameya and additional terminals to Dow India’s facilities beginning in 2024. The trucks will [...]
As part of efforts to further digitalise and decarbonise the container trucking industry, PSA Singapore, with the support of Enterprise Singapore, has developed OptETruck, a proprietary cloud-based transport management solution which uses artificial intelligence (AI) to facilitate smarter trip planning and eliminate operational inefficiencies for the haulier community in Singapore. It will [...]
PSA International led the Series A+ financing round investment into Truck Lagbe – one of Bangladesh’s largest truck booking logistics platforms. Startup Bangladesh Limited and IDLC Venture Capital Fund I also participated in this financing round. Truck Lagbe is a truck booking logistics platform that connects truck owners/drivers with consumers to efficiently [...]
PSA Vietnam (PSA) and Saigon Newport Corporation (SNP) have signed a Memorandum of Understanding (MOU) for cooperation with the aim of promoting sustainable port development and improving supply chain connectivity in Vietnam and the Association of Southeast Asian Nations (ASEAN) region. The signing took place at the Singapore Regional Business Forum held [...]
PSA Italy has begun operations at its new Pra’ Distripark Europe (PDE) warehouse, located just 800 metres from the PSA Genova Pra’ terminal! The warehouse spans 1,200 square meters internally, complemented alongside an expansive 7,264 square meters of usable external area. The new space will meet the growing demands of customers, whose [...]
Image courtesy of duisport PSA International (PSA) has signed agreements to acquire a 22 per cent minority stake in Duisburg Gateway Terminal GmbH (DGT). The transaction is subject to the approval of Germany’s competition and supervisory authorities. Upon completion of the transaction, PSA will join HUPAC, HTS and duisport as shareholders of [...]
At MSC PSA European Terminal (MPET), there is a unique farewell tradition to say a moving “thank you” to its retiring staff. Held annually in May, the retirees and their loved ones take part in a grand procession involving dozens of straddle carriers lining up to form a magnificent honour guard along [...]
PSA Venice marked another milestone on 6 June 2023 as PSA and the North Adriatic Sea Port Authority (AdSP) signed an agreement to extend the existing concession by 25 years. The new contract will start on 1 October 2024 and will last until 1 October 2049. The original 25-year concession dates from [...]
PSA has launched the Group’s Green Finance Framework in June 2023. In recent years, green financing and sustainability-linked financing have gained traction, as policymakers, investors and firms have started to act on climate change risks, including the mainstreaming of green financial solutions.The green loans and green bonds undertaken by any PSA entity [...]