PSA International subsidiary, PSA Northeast Asia Supply Chain Pte Ltd, has signed an agreement with inland port operator Duisburger Hafen to invest in and operate multimodal ports in Asia.
[s2If is_user_logged_in()]The two companies have created a joint-venture vehicle Multimodal Investments Pte Ltd (MIPL) in which PSA’s current multimodal facilities will be placed with duisport taking a stake in these ports via MIPL. PSA currently operates the Sino Singapore Chongqing DC Multimodal Logistics (SSCDC) in Chongqing, and the China United International Rail Co. (CUIRC) rail terminal network.
According to a statement from the companies, MIPL will develop value-added services for its customers in both Europe and Asia.
Erich Staake, CEO, duisport believes that the joint venture company can stimulate trade between Europe and Asia. “Our participation in this authoritative network opens up new opportunities for European companies, in particular in markets that were previously closed to them. The combination of efficient rail infrastructure and innovative digital services associated with the joint venture is, in my opinion, unprecedented anywhere in the world. For our customers and partners, this co-operation offers completely new perspectives – and entrepreneurial opportunities. Multimodal Investments will become one of the decisive growth drivers for rail freight transport between Europe and Asia,” he said.
Connections to Asian hinterland regions could open regions that were previously closed to European companies added Tan Chong Meng, Group CEO, PSA International.
“This partnership with duisport is a groundbreaking opportunity to collaborate more strongly with global customers seeking direct access to both land-locked and maritime markets in Asia,” said Tan, who added that the companies are looking to work with “supply chain service providers to develop more physical and digital solutions for product redistribution and returns, enhancing the overall supply chain resilience between inland and sea terminals.”
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