PSA BDP announced its full ownership of all PSA BDP office locations in Saudi Arabia on 11 May.PSA BDP’s entities were initially established as a joint venture with Yusuf Bin Ahmed Kanoo Co. Ltd (Kanoo) in 2011. The operations will now operate as a 100% PSA BDP owned entity. The new legal [...]
PSA BDP has launched Risk Monitor, a new digital product designed to provide shippers and consignees with the ability to proactively monitor potential risks to prepare for and manage potential disruptions in today’s complex world of international trade.Risk Monitor is an add-on feature to Smart Navigator, a digital platform that provides real-time [...]
PSA International Group CEO Tan Chong Meng has been conferred the honour of the "Officer of the Order of the Star of Italy" ("Ufficiale dell'Ordine della Stella d'Italia"). The award is one of the highest civil honours that recognises individuals who have made outstanding contributions to promote friendly relations and co-operation between [...]
Through its wholly-owned subsidiary PSA Marine Americas (Pte) Ltd, PSA Marine (Pte) Ltd (PSA Marine) completed the acquisition of 45% stake in Meyer’s Tugs S.A. (MTSA) from Inversiones Maritimas CPT S.A., a wholly-owned subsidiary of CPT Empresas Maritimas S.A. (CPT) on 27 April 2023 in Panama.As PSA Marine and CPT embark on [...]
PSA BDP has been appointed as the logistics service provider for major electric vehicle (EV) battery manufacturer Automotive Cells Company (ACC). PSA BDP will handle the contract logistics and hinterland transportation for ACC’s first gigafactory in Europe, located in Billy-Berclau, France.ACC is a joint venture between battery company Saft and leading automakers [...]
CrimsonLogic, a leader in digital trade facilitation solutions and a member of the PSA Group, announced that it has entered into a strategic collaboration with Shanghai Data Group to improve cross-border trade efficiency. Shanghai Data Group is a Chinese enterprise which manages Shanghai’s public and state-owned enterprise data. The Letter of [...]
The container vessel MSC TESSA set a milestone record as the largest container ship to berth at a Portuguese port to date, calling at the Port of Sines in Portugal on the dawn of 14 April 2023 on its maiden voyage.Spanning a length of 400 metres and boasting a loading capacity of [...]
PSA Breakbulk officially launched the Port of Antwerp’s first Project Cargo Ecosystem in Belgium on 19 April 2023. The opening event was attended by partners, clients, representatives of the Port of Antwerp-Bruges, and other stakeholders.The Project Cargo Ecosystem is the first of its kind in the Port of Antwerp. It is a [...]
PSA has partnered with Beibu-Gulf Port Group (BPG) and COSCO Shipping Group (COSCO) to form a joint venture (JV) company in China’s Guangxi Qinzhou Port District investing in wind and solar energy production. This JV, with its focus on renewable energy production, is aligned with and will help the PSA Group reach [...]
PSA International has through its fully-owned subsidiary, PSA-BDP Turkey Supply Chain Solutions Pte Ltd, signed an Agreement to acquire 75% of the shares of privately-held ALISAN Logistics A.S. (ALISAN). ALISAN is a logistics company located in Türkiye and active in fast moving consumer goods (FMCG), chemicals, automotive industries and agro business. The [...]