PSA Singapore (PSA) and Ocean Network Express (ONE) will form a joint venture company based at Pasir Panjang Terminal in Singapore.
Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in H1 2019 and operate four mega container berths with a combined annual handling capacity of 4M TEU. 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.
Pasir Panjang Terminal, designed to handle the demand dynamics of today and the future, enables ONE to leverage its industry-leading port infrastructure and cutting-edge technologies. As the main hub in southeast Asia for shipping lines and major alliances, Pasir Panjang Terminal has the capacity and scale of operations to meet ONE’s needs with high-quality services and enhanced productivity.
PSA International southeast Asia chief executive Ong Kim Pong said “…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.”
ONE chief executive Jeremy Nixon said “We feel privileged to be able to cement a long-lasting relationship into a long-term strategic partnership with PSA, one of the top terminal players in the world. Through this joint venture in Singapore, ONE will further enhance its terminal and vessel planning operations in an even closer co-operation with PSA. This will improve our service reliability and benefit our customers through better service levels.”