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Psa Corporation News

13 Dec 2018

PSA, SUTD to Build NewGen Port Operators

Singapore's port operator PSA Corporation Limited (PSA) has signed a memorandum of understanding (MoU) with the Singapore University of Technology and Design (SUTD) to develop a pipeline of talent for the future mega port in Tuas.The MoU is aimed at producing data science, info-communications and engineering professionals for the Tuas port, said a joint statement by PSA and SUTD.The new Tuas Port will harness big data, and leverage automation technologies and smart systems to raise terminal productivity and service quality, it said."To build the competencies required to manage the complex ecosystems in Tuas Port, PSA will contribute port related content to SUTD curriculum, giving students exposure and advancing their knowledge in smart technologies and systems used in port operations.

21 Nov 2018

Cosco-PSA Terminal JV Adds Two New Berths in Singapore

China's Cosco Shipping Ports and PSA Corporation signed a memorandum of understanding (MoU) for the addition of two new berths at the Cosco-PSA Terminal in Singapore.With the launch of the two new berths, CPT will be equipped with five mega-vessel berths, increasing its annual handling capacity from 3 million TEUs of the current three berths to about 5 million TEUs.The new berths will strengthen CSP’s presence in Singapore and support the needs of Cosco Shipping group with the advent of mega-vessels and megaalliances in the shipping industry. Established in 2003, the joint venture terminal by Cosco Shipping Ports and PSA has served as a major hub for container shipping in the region.The new berths…

17 Oct 2018

Singapore Pact for 3D Printing in Maritime Sector

The Maritime and Port Authority of Singapore (MPA) signed two Memoranda of Understanding (MoU) for Additive Manufacturing (AM), also known as 3D printing.The two MoUs are: a) An MoU with PSA Corporation Limited (PSA), the National Additive Manufacturing Innovation Cluster (NAMIC) and 3D MetalForge Pte Ltd (3D MetalForge) to establish the world’s first on-site AM production facility for port applications; and b) An MoU with NAMIC and the Singapore Shipping Association (SSA) to collaborate on an AM Joint Industry Programme (JIP) for marine parts.The signing ceremony was witnessed by Dr Lam Pin Min, Senior Minister of State, Ministry of Transport and Ministry of Health…

17 Jan 2018

PSA's Port Inks Solar Deal with Sunseap

PSA Corporation and Sunseap Group Pte Ltd have signed a 21-year solar power purchase agreement that will enhance the eco-friendliness of the container port and ancillary buildings in PSA’s Singapore facilities. Sunseap will construct and install a 4 Megawatt peak solar system across five sites in PSA’s Singapore terminals, including terminal buildings, gates, maintenance base and workers’ dormitories at Pasir Panjang Terminal. Under the contract, Sunseap will install and maintain the solar photovoltaic system as well as offer a competitive electricity tariff rate that will allow PSA to reduce its carbon footprint, in line with PSA’s sustainability goals. The solar photovoltaic system is estimated to be operational by end of Oct 2018.

02 Jan 2018

Kalmar Signs Contract with PSA Corporation

Kalmar, part of Cargotec, has been awarded a contract for the maintenance and repair of mobile equipment from PSA Corporation Ltd for the next 3-year term. The contract supports the overall maintenance effort of a fleet of up to 700 prime movers and trailer sets at Pasir Panjang Terminal. The contract has been booked into Cargotec's 2017 fourth quarter order intake. Peter McLean, Senior Vice-President of Kalmar Asia-Pacific, said: "We have been working with PSA on the maintenance of their equipment for more than 11 years. This contract is a testament of the work we have delivered to PSA during the past years. Peter added: "As one of the leading original equipment manufacturers (OEM) for mobile equipment, we are happy that PSA has awarded us this tender.

30 Nov 2017

Cosco, PSA Launch New Berth in Singapore

China's Cosco Shipping Ports (CSP) is launching a new berth at its joint venture container terminal - Cosco PSA Terminal (CPT) - with PSA Corporation in Singapore. The two parties inked a memorandum of understanding on Thursday for the berth, which will be Cosco Shipping Ports' third at the Pasir Panjang Terminal. Established in 2003, CPT has served as a hub for container shipping in the Southeast Asia region. The launch of the third berth follows the CSP supplemental agreement signed with PSA on 18 March 2016, which replaced the original two berths in CPT located at Pasir Panjang Terminal 1 with three new and larger berths at Pasir Panjang Terminal 5.

30 Jul 2016

Moody's: Challenges Ahead for Asian Port Operators

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 cuts and are generally supported by their dominant market position, their resilience is being tested by these challenging operating conditions," says Ray Tay, a Moody's Vice President and Senior Analyst. Moody's conclusions are contained in its just-released report, entitled "Rated Port Operators -- Asia: Challenges on the Rise". The port operators in the region are grappling with slowing or negative growth in cargo volumes due to China's (Aa3 negative) slowdown…

29 Mar 2016

Cosco Pacific, PSA Team Up to Expand Terminals in Singapore

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. The new investment agreement was signed in Shanghai by Qiu Jinguang, Managing Director, Cosco Pacific and Mr Ong Kim Pong, Regional CEO Southeast Asia, PSA International. When the new berths begin operations from 2017, they will be fully integrated with PSA’s infrastructure and supported by the latest automated and intelligent port technologies. These will help to raise port productivity and enhance PSA’s ability to manage greater business complexity for the benefit of its customers.

02 Sep 2003

Marine Tech Summit Set for Singapore

Challenges for the next decade in port and maritime research and development (R&D) and technology will be the focus of the 2nd International Conference on Port and Maritime R&D and Technology (ICPMRDT), to be held from 10-12 September 2003 at the Pan Pacific Hotel, Singapore. Five main sessions, which would be based on the theme "Port and Maritime R&D and Technology", will be featured at the 3-day conference. They are Port Development, Management and Operations; Coastal/Hydraulics Engineering; Marine Environment; Innovative Ship Designs and Operations; and Navigation and Maritime Training. These are key areas that offer great commercial potential for the maritime R&D and technology sector.

01 Mar 2002

Hessenatie and Noord Natie Finalize Merger

Yesterday the merger between Hessenatie and Noord Natie was finalized, as planned. The merged company will operate under the name Hesse-Noord Natie; 60 percent of the shares will be owned by CMB and 40 percent by Noord Natie. It is expected that the sale of a majority interest in Hesse-Noord Natie to PSA Corporation (Singapore) will be realized before the end of the first quarter. CMB will maintain a participating interest of 20 percent. Hesse-Noord Natie will operate a total of 22 terminals in the ports of Antwerp and Zeebrugge, including 6 container terminals in the port of Antwerp, and specialized terminals for general cargo goods, sugar, fruits and RoRo.

30 Apr 2002

Security Council Formed With Assistance From Savi Technology

Every day, about 17,000 cargo containers enter U.S. ports, yet only one or two percent of them is routinely inspected. Since Sept. 11, government officials and global supply chain experts have been focusing on vulnerabilities and potential solutions to help ensure that weapons of mass destruction are not concealed in international cargo shipments. The formation of a new group of prominent supply chain thought leaders experienced in both the private and public sectors is being announced at the Intelligent Transportation Society of America's annual conference. Organized with assistance from Savi Technology, the Strategic Council on Security Technology is an international assembly of top executives from the world's largest port operators…

02 Oct 2007

Consolidation Brings Bigger Container Ships

The world’s largest container shipping line — the Maersk Line — pressed into service the largest container ship Emma Maersk in September 2006. At 1,58,000 DWT, a length of 397 m, width of 56.4 m and loaded capacity of 11,000 TEU, this was one of the eight ships ordered at one stroke. Eyebrows were raised at that time in container shipping circles whether this venture would prove to be a successful one or not. But the critics have been proved wrong. Emma Maersk has been operating in the Europe-Asia trades for the last one year to almost 100 per cent of its capacity, giving the Maersk Line considerable economies of scale that other lines will not be able to achieve at least for some years.

18 Sep 2002

Savi Technology and Oneseal to Develop Revolutionary Electronic Bolt Seal

Savi Technology announced at today's opening of the U.S. Maritime Security Expo in New York that they will jointly develop and market a disposable low-cost electronic bolt seal that automatically transmits alerts over radio frequencies when locking mechanisms on cargo containers are tampered with or violated. The new electronic seal will combine EchoPoint, Savi's latest, sixth-generation, active radio frequency identification (RFID) technology, with OneSeal's design and manufacturing skills for high-security locks. The partners plan to introduce a widely affordable product by early next year that will dramatically improve the security and management of cargo containers moving throughout the global supply chain by ship, rail and truck.

30 Jul 2003

Keppel Offshore & Marine Secures Contracts

Keppel Corporation Limited, through its offshore and marine units in Keppel Offshore & Marine Ltd (Keppel O&M), have clinched contracts worth a total of S$45 million. A specialised shipbuilder, Keppel Singmarine, has won two contracts to build and deliver two 45-tonne bollard pull harbour tugs to PSA Corporation Ltd and a 5500 BHP AHTS vessel to Hadi H. Al-Hamman of Saudi Arabia. The latter contract is the fourth vessel to be contracted by this owner since the first was delivered in early 2002. Meanwhile, Keppel Shipyard has also won a major refit job for the replenishment tanker RFA Bayleaf from UK’s Royal Fleet Auxiliary Service. This follows the successful extended survey and repair of the landing ship RFA Sir Tristram in May this year.