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…
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 & Supply Chain Awards(AFSCA) held in Shanghai this evening. On winning these awards, Mr Fock Siew Wah, Group Chairman of PSA International, said, “We are honoured to receive these awards and humbled by our industry’s continuing vote of confidence in PSA. Mr Tan Chong Meng, Group CEO of PSA International, said, “On behalf of our management, staff, and unions of the PSA Group, I wish to thank all our customers and business partners for their continued trust and support.
PSA Singapore Named Best Seaport in Asia
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 TEUs)" award. “The Port of Singapore clinched the award for its leading performance on a range of criteria including cost competitiveness, container shipping-friendly fee regime, provision of suitable containing shipping-related infrastructure…
PSA Unveils Incubator Programme for Start-ups
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 logistics solutions fusing information and communications technology including IoT (Internet of Things), cloud, data analytics, AI (Artificial Intelligence) and optimisation, as well as engineering solutions including robotics and automation in container and cargo handling operations…
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.
LYG-PSA Container Terminal Opening
LYG-PSA Container Terminal (LPCT) was officially opened today by Lianyungang Municipal Party Committee Member & Director-General of Lianyungang Port Authority Mr Wu Yi Qiao, Lianyungang Port Group (LPG) Chairman Mr Bai Li Qun and PSA International Group CEO Mr Tan Chong Meng. LPCT marks PSA International’s first collaboration with Lianyungang Port Group. The opening ceremony, which took place at the Jiangsu Haizhou Bay View Hotel in Lianyungang, China, was witnessed by over 200 distinguished guests from the ports and shipping industry and government agencies in Lianyungang.
16 Receive Howe Yoon Chong PSA Scholarship
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 other compulsory fees in full, as well as book and living allowances. The 16 Howe Yoon Chong PSA scholars will be pursuing academic studies at the Institute of Technical Education (ITE), Polytechnics and local Universities.
PSA Commissions new Dammam Terminal
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, a key gateway port on the Arabian Gulf. On 23 April 2015, SGP handled the first commercial vessel, M/V NIARA, owned by Orient Express Line. 1,011 TEUs were handled on this 2,000-TEU capacity vessel. Located in Saudi Arabia’s Eastern Province…
CMA CGM, PSA Container Terminal JV in Singapore
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.
New Colombia Container Port to be Developed
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., an indirect subsidiary of ICTSI, which holds the 30-year concession for the Aguadulce Port Project granted by the Agencia Nacional de Infraestructura of Colombia.
Foundation Stone Laid for New PSA CT in Mumbai
Bharat Mumbai Container Terminals Private Limited (BMCT), a wholly-owned subsidiary of PSA Bharat Investments Pte Ltd (which is a subsidiary of PSA International) celebrated the laying of the foundation stone today to mark an important chapter in the development of the fourth container terminal in Jawaharlal Nehru Port (JN Port), India. The ceremony was graced by The Honourable Shri Narendra Modi, Prime Minister of India; Shri Nitin Jairam Gadkari, Union Minister for Shipping…
PSA International Starts VC Arm
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, including robotics and automation in container and cargo handling operations. "Through PSA unboXed, we want to encourage creative ideas that can improve and revamp logistics technology, increase port productivity and enhance the integration…
Jakarta's New Container Terminal Starts Operating
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…
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, have made non-binding offers, Valor reported without citing its sources. The terminal is valued at 1.2 billion reais ($296 million) to 1.5 billion reais, it said. CSN did not immediately respond to a request for comment. Reporting by Caroline Stauffer
China's Tianjin Port & Singapore PSA to Collaborate
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. This makes "Tianjin Port one of the preferred ports of call for mega containerships in the northeast Asia region," said the joint statement. Said TPG president Tian Chang Song: "Both organisations recognise the tremendous potential of Tianjin Port as a major container hub in the Bohai Rim to support the further development of industries and hinterland investments in northeast China.
PSA International Ventures into South-Western China
PSA International (PSA) established itself as the first and only Global Terminal Operator in the Guangxi-Beibu Gulf region by signing a Joint Venture Agreement with Beibu Gulf Port Group (BPG) and Pacific International Lines (PIL) to operate a new container terminal in Qinzhou City (Guangxi Province, China) - BEIBU GULF-PSA International Container Terminal Co., Ltd (BPCT). The joint venture terminal is PSA’s first foray in the South-Western China region – one of the fastest growing economic regions in China.
PSA Marine to Provide LNG FSRU Services in Bangladesh
Summit Power International (SPI), Singapore, announced that its subsidiary, Summit LNG Terminal has awarded a 15-year contract to PSA Marine Bangladesh, a subsidiary of PSA Marine. Under the contract, PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel. The award of this contract marks a significant milestone for PSA Marine and commencement of a long-term partnership with SPI.
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, a unit of Singapore's government-owned investment company Temasek Holdings Pte. P&O had recommended shareholders accept the Singapore bid before Dubai raised the stakes. Shares in P&0 were trading just below that level at $9.71 on January 27, up 4.6 percent, in London. (Source: AP)
PSA Group Scoops 4 AFSCA Awards in Shanghai
On winning these awards, Mr Fock Siew Wah, Group Chairman of PSAI, said, “We are honoured to be bestowed with these four awards and humbled by the industry’s vote of confidence in PSA. These awards are testimony to the collective zeal and efforts of PSA management, staff and unions to increase productivity and value-add to our customers. PSA will continue to provide the reliable, efficient and quality services which we are known for.” Mr Tan Chong Meng, Group CEO of PSAI, said, “On behalf of the PSA Group’s management, staff and unions, I want to thank all our business partners and customers for their continuing support. AFSCA is an annual event organised by leading shipper and supply chain newspaper Cargonews Asia.
'Go Freen' Joint Initiative by 5 Top Port Operators
Global marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals, PSA International and Shanghai International Port Group (SIPG) – five of the world’s largest port operators, and joined by the Port of Rotterdam Authority (PRA), have launched the first ever joint industry initiative of this magnitude to promote environmental awareness and make a sustainable difference in the communities in which they operate. The campaign will take place between 14 - 21 September this year with focus on three main themes: re-use and recycling…
PSA Chairman Receives Belgium Award
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. Her Royal Highness Princess Astrid, Representative of His Majesty the King of Belgium, who was visiting PSA as part of the Belgian Economic Mission in Singapore, personally bestowed the award on PSA Group Chairman Fock Siew Wah at a ceremony held in the presence of dignitaries from the Belgian government and business community…
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…
PSA Container Throughput Up
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 33.55 million TEUs (+4.1%) and PSA terminals outside Singapore handling 31.89 million TEUs (+7.8%). Mr Tan Chong Meng, Group CEO of PSA, said, “Last year was challenging for the shipping and port industry.