Tan Chong Meng News

Marking its first foray into the US, Singapore-based port operator PSA International has completed the acquisition of Penn Terminals located on the Delaware River in the U.S. from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets.Penn is a privately owned multipurpose marine terminal on the Eastern Coast of the USA. Penn’s terminal, warehousing and stevedoring services have enabled it to handle its clients’ cargo since 1986.“This acquisition represents PSA’s very first foray into the USA. We are delighted to embrace Penn as the newest member of the global PSA family and to be able to participate in its continued growth and expansion.

Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners."PSA International Pte Ltd concluded the purchase of the terminal from Macquarie Infrastructure Partners after formal approval by regulatory authorities, " said a PSA news release issued on Wednesday night.Halterm is the only container terminal in Eastern Canada that can serve mega container vessels. It operates three container berths covering more than a kilometer of quay length with depth of up to 16 meters.The terminal is currently undergoing further berth expansion…

Port and terminal operator PSA International and ground handler and in-flight caterer  SATS have signed a Memorandum of Understanding (MoU) to collaborate in seamlessly connecting their sea and air transport services, with the goal of improving supply chain efficiency and boosting Singapore’s status as a multimodal transport hub.Under the MoU, PSA and SATS will work together on initiatives such as “yard-to-port” data linkages, network extensions between both companies, and enhanced track-and-trace capabilities. These are aimed at improving data transparency and ease of shipment movement within different free-trade zones.Enterprise Singapore…

Singapore-based port operator PSA International, Poland’s sovereign wealth fund PFR, and IFM Global Infrastructure Fund (GIF), have agreed a deal with Australian infrastructure firm Macquarie to buy Poland’s largest container port DCT Gdansk.DCT Gdańsk is situated at the crossroads of the Baltic deep-sea trading routes and holds a strategic position as a major gateway into Poland and Central-Eastern European markets.Construction of the Port began in 2005 with the outgoing shareholders facilitating the greenfield development of the port and overseeing 13 years of transformational growth.Following a significant capital expenditure programme, the port’s capacity doubled in 2016 with the completion of a second quay.

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, Group CEO of PSA, said, “2018 was a dual-speed year. The slow but steady pace of global container trade growth continued, despite geo-political shifts and rising trade barriers.

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, while mobile phones are e-waste that contain…

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, transporting import and export cargoes to and from the POV, across Canada and as far as Chicago and other North American markets.

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…

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, Head of Group Technology, PSA; and Ms Janet Ang, VP Industry Solutions & Smarter Cities of IBM Asia Pacific. The three parties will work together to explore POCs using technologies like blockchain to achieve better security…

CMA CGM and PSA Singapore Terminals (PSA) have confirmed that they will establish form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths in Singapore. CPLT will commence operations from the second half of this year, allowing CMA CGM and its shipping line affiliates to leverage on the port infrastructure and technologies with this latest Pasir Panjang expansion. There was no disclosed investment amount for the joint venture deal, but CPLT will be providing long-term terminal services to CMA CGM and its shipping line affiliates, both companies said. Rodolphe Saadé, Vice Chairman of CMA CGM Group: “CMA CGM is pleased to announce this important partnership with PSA.

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, timely and adequate investment in new infrastructure to meet future demand and the facilitation of ancillary services,” the Maritime and Port Authority of Singapore (MPA) said in a press release.

CMA CGM S.A. (CMA CGM) and PSA Singapore Terminals Pte. Ltd. (PSA) will form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths at Pasir Panjang Terminal Phases 3 and 4 in Singapore. CPLT will start operations from the second half of 2016, and allow CMA CGM and its shipping line affiliates to leverage industry-leading port infrastructure and technologies at this latest Pasir Panjang expansion, which has the capacity and scale of operations to better serve mega vessels in the region. CPLT will provide long-term terminal services to CMA CGM and its shipping line affiliates hence securing best-in-class services for its fleet.

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, security and performance across the constituents of global supply chain logistics," Group Chief Executive Tan Chong Meng said in a statement. PSA counts itself among the world's largest port groups, with involvement in around 40 terminals in 16 countries.

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, and transaction solutions for the maritime trade and finance ecosystems. Mr Tan Chong Meng, Group CEO of PSA International, said, "The port is one of most important points of convergence in global supply chains.

PSA International Pte Ltd (PSA) handled 64.10 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2015. The Group’s volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30.62 million TEUs (-8.7%) and PSA terminals outside Singapore handling 33.48 million TEUs (+5.0%). Mr Tan Chong Meng, Group CEO of PSA, said, ‎"2015 was generally a tough year with weak trade growth reflecting unsteady global economic conditions. As such, we recorded lower overall throughput on a year-on-year basis, arising from volume reductions in a few of our terminals.

The Maritime Sector of the Egyptian Ministry of Transportation signed a Memorandum of Understanding (MoU) with the Port of Singapore Authority (PSA) as Singapore will operate and develop the Egyptian maritime ports, reports the Cairo Post. President Abdel Fattah El-Sisi received on Tuesday president of the PSA Tan Chong Meng in the presence of Suez Canal Authority Chairman Mohab Mamish and Minister of Transport Saad Al-Goyoushi. Presidential spokesman Alaa Youssef said the PSA chairman visit is part of President Sisi's follow-up of the outcome of his visit to Singapore in September. Meng expressed his country's readiness to cooperate with Egypt in the field of running and operating ports as well as work in the development of Suez Canal projects.

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, Road Transport & Highways; Shri CH Vidyasagar Rao, Governor, Maharashtra; Shri Devendra Fadnavis, Chief Minister, Maharashtra; Shri Rajive Kumar, Secretary, Ministry of Shipping of India…

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, climate change and the communities in which the industry giants operate. A range of activities covering all three themes will be organised by the participating port operators’ local business units to tackle and raise awareness globally.

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. Accessible to Southeast Asia by land and sea, the region has been earmarked by the Chinese government as a key area for coastal development and collaboration with ASEAN countries.

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, a key gateway port on the Arabian Gulf. On April 23, the company handled the first commercial vessel, M/V NIARA, owned by Orient Express Line. For this, 1,011 twenty-foot equivalent units (TEUs) were handled on this 2,000-TEU capacity vessel. Phase one of the facility has a 700m long quay with a water depth of 16m alongside and equipped with six 23-wide quayside gantry cranes.

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, Dammam City, phase 1 of SGP’s terminal has 16 metres of water depth, the deepest in the region, and is equipped with six quay cranes of 23 container row span on 700 metres of quay.

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. Global trade growth was modest and that, coupled with the introduction of many mega vessels, resulted in overcapacity and low freight rates for liner carriers.

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.