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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


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


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


NPCT1 to Develop New CT in Jakarta

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  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


SWM Wins $7.7M Navy Deal

Southwest Marine Inc., San Diego, Calif., is being awarded a $7,667,628 cost-plus-award-fee contract for accomplishment of the post shakedown availability (PSA) for the USS Mustin (DDG 89). This contract is for services and material for total DDG 89 PSA effort, including options for DDG 91 and three other San Diego homeported DDGs yet to be determined. Specific efforts include engineering and management in support of the PSA, labor and material to perform specified PSA work


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


G&C: New Agreement with BAE Systems Ship Repair

  Gibbs & Cox won a Professional Services Agreement (PSA) with BAE Systems Ship Repair. The new PSA will allow any of the BAE Systems shipyards to contract directly with Gibbs & Cox for engineering services in support of their repair, fabrication and new construction work. BAE Systems Ship Repair is a leading provider of non-nuclear ship repair, modernization, conversion, overhaul, fabrication and new construction for commercial and government customers


Mega-Containerships Trigger Terminal Shake-ups

Illustration of TEU Volumes per Port Call: Source: Drewry Maritime Research

Bigger container ships are resulting in much greater peaks in container terminal activity, which together with the ever larger combined volumes of bigger alliances, demands fewer, larger terminals in each port. Terminal operators are reacting by consolidating terminal layouts and ownership – and by working more closely together – but what are the consequences for their customers? Drewry Maritime Research discuss in this extract from their latest 'Container Insight Weekly'.


PSA Starts Expansion Work on 2m teu Panama Terminal

Image: PSA Panama International Terminal (PPIT)

 Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.   It has started on the expansion after being granted approval by the National Assembly


PSA starts up in Dammam

Pic by Saudi Global Ports

 Saudi Global Ports (SGP), a joint-venture company formed between the Public Investment Fund of the Kingdom of Saudi Arabia and PSA International (PSA) has started its commercial operations this month, PSA said. This began at the second container terminal in the King Abdul Aziz Port in Dammam


ICTSI 1Q 2015 Income Up 3%

ICTSI’s Baltic Container Terminal Courtesy ICTSI

  International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the quarter ended March 31, 2015 posting revenue from port operations of US$296.1 million, an increase of 19 percent over the US$248


16 Receive Howe Yoon Chong PSA Scholarship

PSA Building, the PSA Groups headquarters in Singapore

16 deserving students were awarded with the Howe Yoon Chong PSA Scholarship. Mr Fock Siew Wah, Group Chairman of PSA International (PSA), presented the award certificates to the students at a ceremony held in PSA Building in Singapore today. The bond-free scholarships will pay for tuition and


PSA Is “Best Global Container Terminal Operating Co”

PSA International Pte Ltd (PSA) won the “Best Global Container Terminal Operating Company” award for the ninth year, and PSA Singapore Terminals was voted “Best Container Terminal – Asia (over 4 million TEUs per year)” for the 25 time at the 28th Asian Freight &


Congestion Forces Hapag-Lloyd Skip Rotterdam Port

Hapag-Lloyd

  Forced by the on-going congestion at Rotterdam Port, Hapag-Lloyd has had to make temporary changes in ships calling at that port. The company has informed that due to temporary congestion, the undermentioned three voyages of the Europe - Asia Loop 4 service will also call Antwerp


Petrojarl Knarr FPSO Earns AoC from PSA Norway

Petrojarl Knarr (Photo: Norsafe)

Teekay’s Petrojarl Knarr FPSO has received PSA Norway’s Acknowledgement of Compliance (AoC), and has now arrived the Knarr field in the North Sea. The AoC is a statement from the PSA expressing the authorities’ confidence that petroleum activity can be performed by the facility


PSA Chairman Receives Belgium Award

PSA Group Chairman Fock Siew Wah was conferred the national distinction ‘Commander of the Order of the Crown’ from His Majesty King Philippe of Belgium for his merit, dedication and services rendered to the Kingdom of Belgi

  On 27 November 2014, PSA Group Chairman Fock Siew Wah was conferred the national distinction ‘Commander of the Order of the Crown’ from His Majesty King Philippe of Belgium for his merit, dedication and services rendered to the Kingdom of Belgium.


Security Threat in Yemen Shuts CNOOC's Nexen Facility

CNOOC Ltd's Nexen unit is shutting operations at an oil field and processing facility in Yemen due to a security threat, a Nexen spokeswoman said on Sunday.   The spokeswoman said Nexen determined there is an undue risk for staff working at its Block 51 field operations and BAK PF


PSA Marine Expands into Middle East

PSA Marine Qalhat SAOC (PSAMQ), a joint venture company formed between PSA Marine (Pte) Ltd (PSA Marine) and Golden Dunes International LLC (GDI), will commence towage operations for Oman LNG LLC (OLNG) in Sur, Oman on 11 January 2015. The contract will be for a period of 10 years


New RAmparts Tugs for PSA Marine

Photo courtesy of Robert Allan Ltd.

A year after PSA Marine, Singapore took delivery of Rubicon, its first ever RAmparts 3200CL tug from Cheoy Lee Shipyards, Hong Kong in December 2013, the same builder has now put four more similar tugs, OLNG Sur, OLNG Seeb, OLNG Masirah and OLNG Muttrah into the hands of PSA Marine Qalhat SAOC


PSA Container Throughput Up

Tan Chong Meng Gtoup CEO of PSA

  PSA International Pte Ltd (PSA) handled 65.44 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2014. The Group’s volume increased by 5.8% over 2013 with the flagship PSA Singapore Terminals contributing 33


NZ Manufacturer Bags Anchor Supply Deal

Para Sea Anchor testing with the U.S Navy off the Coast of San Diego (Image by Coppins Para Sea Anchors)

New Zealand maritime manufacturer Coppins Para Sea Anchors has secured a multimillion-dollar contract to supply anchors to a Norwegian salvage company.    The family business firm based in Motueka on the South Island has sent the first of two one-tonne sea anchors to the Norwegian


Kalmar Completes AGV Project at PSA Singapore

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  Kalmar, part of Cargotec, has successfully completed the project to supply the onboard navigation application for four automated guided vehicles (AGVs) to PSA Singapore.  The initiative is part of PSA's strategic investment in automation technologies to enhance its premier status as


PSA Commissions new Dammam Terminal

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  Saudi Global Ports LLC (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA) started its commercial operations this month, at the second container terminal in the King Abdul Aziz Port in Dammam






 
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