PSA Singapore (PSA) and Ocean Network Express (ONE) will join hands to form a joint-venture company based at Pasir Panjang Terminal in Singapore.

Regional CEO Southeast Asia Ong Kim Pong said, “We are honoured by ONE’s confidence in PSA and are pleased to embark on a win-win and mutually beneficial partnership with them. Recently, PSA has developed many enhanced products including data analytics tools to boost port efficiency and initiatives for cargo solutions to address market needs. We look forward to working alongside with ONE to grow its value, strengthen its position as a major global player, and at the same time, enhance the status of the Port of Singapore as a premier global container and cargo orchestration hub.”

Subject to regulatory approvals, the joint-venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling capacity of 4 million TEUs. The terminal will deliver reliable and efficient terminal services to ONE, securing best-in-class services for its fleet with this long term strategic partnership.

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