Psa International News

15 Jan 2019

PSA International Terminal Volumes Up by 9%

Pic: PSA International

The Singapore-headquartered global port operator PSA International handled 81.00 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2018.The Group’s volume increased by 9.1% over 2017, with flagship PSA Singapore contributing 36.31 million TEUs (+8.9%) and PSA terminals outside Singapore handling 44.69 million TEUs (+9.3%), it said.PSA participates in around 40 terminals in 16 countries across Asia, Europe and the Americas with flagship operations in PSA Singapore Terminals and PSA Antwerp.Tan Chong Meng…

20 Dec 2018

PSA, ONE Launch Container Terminal in Singapore

Pic: Ocean Network Express

The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to 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 the first half of 2019 and operate four mega container berths with a combined annual handling  capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal…

19 Dec 2018

HMM to Take Control of Busan Terminal

Image: Hyundai Pusan New-Port Terminal

The number one Korean national containers carrier Hyundai Merchant Marine (HMM) and Singapore-based terminal operator PSA International have secured complete ownership of the Hyundai Pusan New-Port Terminal (Pier 4) in the Port of Busan, South Korea.The container carrier sold off its majority ownership in PSA Hyundai Pusan New-Port Terminal Co in 2016 due to liquidity trouble.According to a report in Pulse, HMM will acquire 50 percent plus one share in PSA Hyundai Pusan New-Port Terminal through a private equity fund…

13 Dec 2018

PSA, SUTD to Build NewGen Port Operators

Image: PSA Corporation Limited

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…

21 Nov 2018

Cosco-PSA Terminal JV Adds Two New Berths in Singapore

Pic: PSA Singapore Terminals

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.

20 Nov 2018

India to Probe Alleged Antitrust Behavior by Maersk, DP World at Mumbai Port

India's antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark's A.P. Moller-Maersk and Dubai's DP World at the terminals they operate at the country's largest container port in Mumbai, five sources familiar with the matter told Reuters.The decision by the Competition Commission of India (CCI) to investigate follows a complaint by Singapore's PSA International Pte Ltd, which alleged that Maersk and DP World created entry barriers to hinder the growth of PSA's terminal by colluding on certain charges they levy at the state-owned Jawaharlal Nehru Port Trust (JNPT).Handling 66 million tonnes of cargo in the last fiscal year to March, JNPT is critical to India's international trade.

06 Nov 2018

Global Shipping Business Network on Blockchain Platform Launched

Shipping industry executives initiate blockchain consortium at a signing ceremony. Photo: CargoSmart Ltd.

Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.According to a statement, the participants include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World, Hutchison Ports, PSA International and Shanghai International Port, as well as software…

01 Nov 2018

Port Groups Join for Go Green Initiative

Pic: DP World

Five global container port operators have jointly undertaken a week-long initiative to promote sustainable resource usage  in their respective port and facility networks through mass recycling.During the fifth annual Go Green Initiative, 8,332 employees of DP World, Hutchison Ports, PSA International, Port of Rotterdam and Shanghai International Port Group collected a total of 1,966 kg of aluminium cans and 2,227 mobile phones for recycling.The choice of two very different waste products for collection and recycling was intentional.Aluminium cans are one of the most recyclable waste items…

17 Oct 2018

Singapore Pact for 3D Printing in Maritime Sector

From left: Mr Lim Siang Yong, Chief Operating Officer of 3D MetalForge, Mr Ong Kim Pong, Regional CEO (South East Asia) from PSA, Dr Ho Chaw Sing from NAMIC and Mr Andrew Tan, Chief Executive of MPA. Witnessing the signing ceremony are Dr Lam Pin Min, Senior Minister of State, Ministry of Transport and Ministry of Health, and Ms Choy Sauw Kook, Assistant Chief Executive and Director-General, Quality and Excellence, Enterprise Singapore. Photo: MPA

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…

07 Aug 2018

ICTSI Income Falls as Volume Rises

Photo:  ICTSI

Philippines-based International Container Terminal Services Inc (ICTSI)  has announced a 6% decrease in income in its consolidated financial results for the first half of 2018.However, the port operator saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian…

31 Jul 2018

PSA International Acquires Majority Stakes in Canada Port

Fock Siew Wah, Group Chairman. Photo: PSA International

PSA International through its subsidiary has acquired 60 per cent of Ashcroft Terminal (AT) , an inland port facility about 300km east of the Port of Vancouver in western Canada, making its first foray into Canada.AT is an inland port facility located approximately 300 kilometres east of the Port of Vancouver (POV).Comprising 320 acres of free-hold industrial land, it is the only major privately-owned industrial property in Canada where both Class 1 railroad lines – including Canadian National (CN) Railway and Canadian Pacific Railway – run through…

06 Jun 2018

CMA CGM Signs MoU to Drive Digitalization in Shipping

(Photo: CMA CGM)

CMA CGM’s Ze Box and PSA unboXed have signed a Memorandum of Understanding (MoU) to drive digitalization and innovation in the shipping and supply chain ecosystem.Ze Box is CMA CGM’s corporate venture capital arm that invests in startups with innovations that bring strategic value to the CMA CGM Group, while PSA unboXed is PSA International’s external innovation and corporate venture capital arm. The collaboration builds on the commercial partnership between CMA CGM Group and PSA International…

28 Feb 2017

East Coast Gateway Terminal Agreement in the offing

The Georgia Ports Authority and the Virginia Port Authority filed on Friday, Feb. The agreement encourages voluntary cooperation in the areas of operational and supply chain efficiencies, safety, communications and customer service. “The U.S. East Coast continues to see larger vessels and cargo exchanges since the opening of the expanded Panama Canal last year,” VPA CEO and Executive Director John Reinhart and GPA Executive Director Griff Lynch said in a joint statement. “Increasingly, our customers are seeking gateway ports on the East Coast that can leverage sufficient landside infrastructure to ensure the free flow of cargo. The states of Georgia and Virginia have made the necessary investments to prepare for this new era in global trade.

27 Mar 2017

CMA CGM, PSA Container Terminal JV in Singapore

Photo: CMA CGM

The CMA CGM Group and PSA  have kicked off the second phase of their container terminal joint venture in Singapore. Officiating the event were François Hollande, President of the French Republic, and Khaw Boon Wan, Coordinating Minister for Infrastructure and Minister for Transport, Singapore. The CMA CGM - PSA Lion Terminal (CPLT) started operations with two mega container berths at PSA Singapore’s Pasir Panjang Terminal 5 (PPT 5) that had an initial annual capacity of 2 million TEUs (twenty-foot equivalent units) in July 2016.

15 Aug 2017

PSA, PIL, IBM on Blockchain Development

Photo: Pacific International Lines Pte Ltd

Ocean carrier Pacific International Lines (PIL), terminal operator PSA International and IBM plan to utilize blockchain for better security, efficiency and transparency in supply chain business networks and trade finance. Three companies signed a Memorandum of Understanding (MOU) today to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations. The MOU was signed by Ms Lisa Teo, Executive Director (Corporate Development) of PIL; Mr Oh Bee Lock…

10 Oct 2017

Konecranes for Bharat Mumbai Container Terminals

Goliath Gantry Crane. Photo: Konecranes

Bharat Mumbai Container Terminals Pte Ltd (BMCT), a wholly owned subsidiary of PSA International Pte Ltd (PSA), exercised its option to purchase a further 18 Konecranes Noell Rubber Tired Gantry (RTG) cranes. This order follows upon an initial order for 18 RTG and 4 RMG cranes that will be delivered by the end of this year. The 18 RTGs currently on order will be delivered in two lots: 9 units will be delivered by August 2018, and the remaining 9 by end-2018. At this time BMCT will operate a total of 36 Konecranes Noell RTG cranes and 4 Konecranes Noell RMG cranes.

19 Aug 2016

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 1.5 million twenty-foot equivalent units (TEUs) of containers, an overall berth length of 850 meters and a 16-meter draft…

17 Jan 2018

PSA's Port Inks Solar Deal with Sunseap

Photo: PSA Singapore

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…

18 Feb 2018

Indian PM Narendra Modi Lays Foundation Stone For JNPT Fourth Countainer Terminal

Indian PM Narendra Modi dedicated to the nation the 4th container terminal built at Navi Mumbai. Photo: Nitin Gadkari

India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal, proposed to be developed at an estimated cost of Rs. 7915 Crores (USD 1.23 bln) on DBFOT basis. Modi arrived at the JNPT Helipad- accompanied by the Maharashtra Governor Ch. Vidyasagar Rao, Union Minister of Shipping, Road Transport & Highways  Nitin Gadkari, the state Chief Minister Devendra Fadanvis and other dignitaries.

23 Feb 2018

PIL, PSA, IBM Conclude Successful Blockchain Trial on Chongqing-Singapore Route

Image:  Pacific International Lines Pte Ltd

Singapore’s Pacific International Lines (PIL), port operator PSA International, and technology giant IBM Singapore have concluded a successful blockchain trial, having signed a memorandum of understanding in August 2017. Following the signing of the MOU, the companies worked on a Proof Of Concept (POC) exercise, built on IBM Blockchain Platform, applying and then testing a blockchain-based supply chain platform to track and trace cargo movement from Chongqing to Singapore via the Southern Transport Corridor.

02 Nov 2016

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 rail-mounted gantry cranes (RMG). The RTG order also includes an option on 18 additional units. The flexible, productive and environmentally friendly machines will be handed over in three…

19 Mar 2018

PSA International Profit Jumps by 5.1% for 2017

Fock Siew Wah, Group Chairman, PSA International. Photo: PSA International

Port and terminal operator PSA International posted a 5.1 per cent jump in net profit to S$1.23 billion for the year ended 31 December 2017 on higher revenue and container throughput at its terminals worldwide. The Group’s terminals saw a 9.8% year on year increase in box volumes handled to 74.2m teu. PSA’s flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.89 million TEUs, increasing 10.4% over 2016. PSA Group revenue rose 7.8% and profit from operations grew 5.0% compared to previous year.

08 Nov 2016

ICTSI 9M2016 Income Up 4%

Photo International Container Terminal Services, Inc

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$835.0 million, an increase of five percent over the US$792.0 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$390.3 million, 15 percent higher than the US$339.5 million generated in the first nine months of 2015, and net income attributable to equity holders of US$141.9 million…

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