PSA International and the International Finance Corporation (IFC) have signed a Joint Development Agreement on 30 August 2021, formalising a partnership that will bring in IFC’s expertise as a global development finance institution to support the development of the Bay Terminal project in Bangladesh. The Bay Terminal project in Chattogram is a [...]
Did you know that global concrete production is estimated to be responsible for some 8% of the world’s carbon dioxide emissions? Concrete is a manmade combination of sand and gravel bound together by cement. It is widely used in our modern built environment, including in container terminal construction projects. To take climate [...]
Global Shipping Business Network (GSBN), a not-for-profit technology consortium dedicated to building a blockchain-enabled operating system designed to modernise global trade, is now rolling out Cargo Release to Southeast Asian ports in Hong Kong, Singapore and Laem Chabang in Thailand. Cargo Release offers a highly efficient and transparent solution, removing the [...]
PSA Mumbai welcomed the inaugural call of Maersk Line’s ME2 service with the arrival of the 10,100 TEU Maersk Gibraltar on 12 August 2021. The ME2 marks PSA Mumbai’s eighth weekly call and second Europe service. The first call at PSA Mumbai also marks an upgrade of the ME2 service, with vessel [...]
Ashcroft Terminal has signed an Investment Agreement with Canadian Tire – which operates a group of companies in the retail, financial and automotive sectors – in which the latter will acquire 25 per cent equity interest in Ashcroft Terminal. PSA International will continue as the terminal operator and retain a majority interest [...]
Following the celebration of their 15th millionth TEU milestone in April this year, staff at DCT Gdańsk decided to give the commemorative banner a second life by upcycling it into shopper bags. A unique feature of this commemorative banner was that the name of every DCT Gdańsk employee at the time of [...]
PSA International has entered into a Memorandum of Understanding (MoU) with the RHT Group of Companies (RHT) to explore co-creation and investment in Environmental, Social, and Governance (ESG) digital assets solutions to further advance the goals of decarbonisation in ports and supply chains. The MoU underscores PSA’s interest to partner industry [...]
In a new operational milestone, PSA Panama welcomed the 15,000 TEU MSC Virgo on 26 July, the largest ship to call at a terminal on Panama’s Pacific side. For the first time, PSA Panama also had two mega container vessels berthed alongside simultaneously, handling 2,297 TEUs on the MSC Virgo and 2,927 [...]
To build supply chain resiliency and reinvent efficiency, PSA Singapore signed a Memorandum of Understanding (MOU) on 4 August 2021 with longstanding partner PT Samudera Indonesia Tangguh (Samudera). Global supply chains now must be reimagined for a markedly different environment. PSA and Samudera will collaboratively explore innovative ways to promote cargo connectivity [...]
Climate change is a global challenge and all across PSA, staff have been taking steadfast actions to build a sustainable future. To play their part in this sustainability movement, staff at PSA Singapore recently took part in and supported the Climate Action Week 2021 – an annual initiative organised by Singapore’s Ministry [...]