Mitsui O.S.K. Lines, Japan’s second largest shipping?company said on Thursday that it had agreed with PSA Singapore to form a joint venture for the development of a RoRo terminal in Singapore.

The joint venture agreement will allow 'Mitsui to leverage its global shipping network and PSA to contribute its terminal-operating experience,' the two firms said in a joint press release.

This strategic partnership will improve terminal service reliability, operational efficiency and (Mitsui’s) RoRo service. It will also secure long-term terminal capacities to support the company's?growing demand for automobile transport," said the Japanese company.

The terminal will be operational in the first half 2026.

(source: Reuters)