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Psa International

PSA Awarded Concession to Develop and Operate 4th Container Terminal in JNPT

  Bharat Mumbai Container Terminals Private Limited (BMCT), a wholly-owned subsidiary of PSA Bharat Investments Pte Ltd (which is a subsidiary of PSA International), signed the concession with Jawaharlal Nehru Port Trust (JNPT) on 6 May 2014 to develop the JN Port’s fourth container terminal on a design, build, operate, finance and transfer basis in Mumbai for a period of 30 years. Located at India’s largest and premier container gateway port, BMCT will have berths with a depth of 16.5 metres, the deepest in JN Port. BMCT will be equipped with the latest technology and equipment to serve important industrial and manufacturing centres and cities in India’s largest hinterland. BMCT is well-connected by major highways and rail networks to key markets in India, a fast-growing economy. “Bharat Mumbai Container Terminals Pvt Ltd is PSA International's latest port project in India. PSA will work along with Jawaharlal Nehru Port Trust to develop this very important terminal in India to cater to the increasing demand for container handling capacity, and facilitate maritime trade in India,” said Mr Tan Chong Meng, Group CEO, PSA International. When BMCT is fully completed, it will have a quay length of 2,000 metres with a design capacity of 4.8 million TEUs per annum


New Colombia Container Port to be Developed

Photo courtesy of Port of Aguadulce

International Container Terminal Services, Inc. ("ICTSI") and PSA International Pte. Ltd. ("PSA"), through their  subsidiaries, have signed an agreement to jointly develop, construct and operate the container port terminal and ancillary facilities located in the Peninsula of Aguadulce, Buenaventura, Valle del Cauca, Colombia. The agreement involves PSA´s investment in Sociedad Puerto Industrial Aguadulce S.A


P&O Shares Increase

Dubai Ports World raised its offer for the British port operation Peninsular and oriental steam Navigation Co. to almost $7 billion, beating an offer from Singapore's PSA International Ltd. The offer sent P&O's shares up almost 5 percent on January 27. P&O and DP World, which is owned by Dubai's government, had agreed to the $6.9 billion cash bid. The offer, which amounts to $9.26 per share, topped a $6.3 billion offer from PSA


China's Tianjin Port & Singapore PSA to Collaborate

Tianjin Port Group (TPG) China, and Singapore's PSA International (PSA) have signed a "strategic cooperation framework agreement" to develop Tianjin Port So far, PSA has invested in two of the port's container terminals, namely Tianjin Port Pacific International Container Terminal (TPCT) and Tianjin Port Alliance International Container Terminal (TACT). These two facilities have a total of 10 berths that can handle the biggest containerships


CMA CGM, PSA Singapore to form JV

PSA Singapore Terminal  Photo PSA

CMA CGM S.A. (CMA CGM) and PSA Singapore Terminals Pte. Ltd. (PSA) will form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths at Pasir Panjang Terminal Phases 3 and 4 in Singapore.   CPLT will start operations from the second half of 2016, and allow CMA CGM and its shipping line affiliates to leverage industry-leading port infrastructure and technologies at this latest Pasir Panjang expansion


Jakarta's New Container Terminal Starts Operating

A new container terminal at Tanjung Priok Port in Jakarta, Indonesia

On August 18, a new container terminal built by NYK Line together with PT. Pelabuhan Indonesia II (Persero) (IPC), Mitsui & Co. Ltd. and PSA International Pte Ltd  opened for commercial service at Tanjung Priok Port in Jakarta, Indonesia. This new terminal will be operated by the newly established company PT New Priok Container Terminal One.   The terminal will have an annual handling capacity of approximately 1


PSA Marine Completes $112M Acquisition

PSA Marine completed the acquisition of the marine business of Sembcorp Logistics Ltd. for $112.97 million. "The strategic acquisition complements PSA Marine's core business and extends its geographical reach to key overseas markets in Hong Kong, Southeast Asia, Middle East and Africa," said PSA in a statement. The addition of salvage tugs and semi-submersible barges to its fleet would also widen PSA Marine's range of marine services to include international emergency response and ocean towage


Asia Key to Recovery of Containerized Trade

Asian economies are leading the recovery of international container trade volumes, but strong growth across the region could see pre-recession pressure on freight infrastructure re-emerge, a senior executive of container shipping line APL told a conference in Ho Chi Minh City on May 20. “Intra-Asia is already the world’s single largest container trade,” Jason Wong, Vice President of APL’s Intra Asia trade, told the 8th ASEAN Ports & Shipping Conference


NPCT1 to Develop New CT in Jakarta

Logos

  PT. Pelabuhan Indonesia II (Persero) (“IPC”), Mitsui & Co, Ltd. (“Mitsui”), Nippon Yusen Kabushiki Kaisha (“NYK Line”) and PSA International Pte Ltd (“PSA”) have agreed to jointly participate in the construction and operation of a new container terminal at Tanjung Priok Port, Jakarta, Indonesia. This new terminal will be developed and operated by the newly established project company PT New Priok Container Terminal One


ICTSI 9M2016 Income Up 4%

Photo International Container Terminal Services, Inc

     §  9M2016 Throughput grew 12% to 6.4 million TEUs      §  9M2016 Revenues increased 5% to US$835.0 million      §  9M2016 EBITDA improved 15% to US$390.3 million   International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of US$835


CMA CGM Confirms Partnership with PSA

Photo: CMA CGM

 CMA CGM and PSA Singapore Terminals (PSA) have confirmed that they will establish form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths in Singapore.   CPLT will commence operations from the second half of this year


Moody's: Challenges Ahead for Asian Port Operators

Mundra Port. Photo: Adani Group

 Moody's Investors Service says lackluster global growth, weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity is testing the resilience of Asian port operators.   "While the rated port operators in Asia have scope for cost


Terex Cranes for Bharat Mumbai Container Terminals

Stacking Cranes Photo Terex

Terex Port Solutions (TPS) has received orders from Bharat Mumbai Container Terminals Pte Ltd (BMCT), a wholly owned subsidiary of PSA International Pte Ltd (PSA) to supply various types of Terex stacking cranes. The orders include eighteen Terex rubber-tyred gantry cranes (RTG) and four Terex


CMA CGM on APL Integration

Photo: CMA CGM

 APL improved its performance in the first three months under the ownership of CMA CGM Group in a challenging market.   APL’s 3Q 2016 volume rose almost 9.9% to 1.3 million TEUs (vs. 3Q 2015). This organic growth was driven by more than 20 co-operations on new and enhanced


CSN Receives 10 Offers for Brazil Box Terminal

Brazilian steelmaker Cia Siderúrgica Nacional has received 10 offers for its Sepetiba Tecon container terminal in Rio de Janeiro's Itaguai port, newspaper Valor Economico reported on Friday. Singapore's PSA International, Chile's SAAM, Wilson Sons and LOGZ, among others


Singapore's Sops to Ailing Shipping

Logo: Maritime and Port Authority

 The Maritime and Port Authority (MPA) of Singaporehas announced an additional 10 per cent concession on port dues for container vessels calling in Singapore, with port stays of up to five days, to help the shipping industry tide over the current economic downturn.  


PSA Container Throughput Falls 2%

Tan Chong Meng GROUP CEO PSA INTERNATIONAL PTE LTD

  PSA International Pte Ltd (PSA) handled 64.10 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2015. The Group’s volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30


ICTSI Income Drops 68%

Photo ICTSI

        §  Throughput grew 5% to 7.8 million TEUs         §  Revenues down 1% to US$1.051 billion         §  EBITDA improved 2% to US$450.0 million  


Shipping Industry Signs Up to Pilot XVELA Platform

Photo by XVELA

 US-based XVELA, creators of a cloud-based vessel stowage and collaboration platform for ocean carriers and terminal operators, has announced that a wave of new terminal operators and shipping lines have signed on for pilot programs to put the XVELA platform to the test.  


Cosco Pacific, PSA Team Up to Expand Terminals in Singapore

PSA Pasir Panjang Terminal. Photo: PSA Corp

 COSCO-PSA Terminal Pte Ltd (CPT), a joint venture company formed by Cosco Pacific Limited (Cosco Pacific) and PSA Corporation Limited (PSA), is investing in new container berths in Singapore capable of serving the next generation of mega container vessels.   


PSA Unveils Incubator Programme for Start-ups

Courtesy PSA International

PSA International Pte Ltd today announced the inception of PSA unboXed Pte Ltd (PSA unboXed), its new corporate venture capital arm with an initial fund size of S$20 million. Through its incubator program, PSA unboXed seeks to invest in and nurture start-ups that are keen to create innovative


PSA International Starts VC Arm

File Image: container operations underway ashore (Port of Wilmington)

Singapore-headquartered port operator PSA International Pte Ltd has set up a corporate venture capital arm, PSA unboXed, with an initial fund size of S$20 million ($14.66 million) to invest in startups. PSA said it would seek to invest in companies developing logistics solutions


Cheoy Lee Joins Robert Allan “Century Club”

Cheoy Lee Shipyards launched the 100th vessel it has built to a Robert Allan Ltd. design Photo Robert Allan Ltd

On April 26, 2016, Cheoy Lee Shipyards launched the 100th vessel it has built to a Robert Allan Ltd. design, becoming the second shipyard worldwide to do so, after Sanmar’s initial achievement of this milestone in 2013. This epic tug, Hull Number 5098 at Cheoy Lee


Cheoy Lee Joins the Robert Allan Ltd. ‘Century Club’

(Photo: Robert Allan Ltd.)

On April 26, 2016, China’s Cheoy Lee Shipyards launched its 100th vessel built to a Robert Allan Ltd. design, becoming the second shipyard worldwide to do so, following Sanmar’s achievement in 2013. The cooperation between Robert Allan Ltd


PSA Singapore Named Best Seaport in Asia

Pic: PSA Singapore

 Port operator PSA International was named the best global container terminal operating firm for the second year running, in the 2016 Asian Freight, Logistics & Supply Chain Awards held in Shanghai.   PSA also received the “Best Container Terminal – Asia (Over 4 million






 
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