13.9 C
Hamburg
Sunday, June 8, 2025
Home Port News PSA and Evergreen establish JV for container terminal operations in Singapore

PSA and Evergreen establish JV for container terminal operations in Singapore

PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have formed a joint venture in Singapore to improve operational efficiency and create greater synergies in container operations.

The new JV terminal, set to begin operations by the end of 2024, will provide long-term terminal capacity to support EMC’s rapidly growing global fleet in PSA Singapore.

Both companies will continue to strengthen their partnership, focusing on enhancing operational performance, driving digital innovation, and advancing sustainability initiatives.

“PSA is pleased to form this strategic joint venture with EMC, building on our longstanding relationship to enhance collaboration and meet the rapidly changing needs of the maritime industry. By integrating our strengths and capabilities, this mutually beneficial partnership will deliver greater value and deepen the synergies between the two organisations over the long term,” stated Nelson Quek, Regional CEO of Southeast Asia at PSA International.

According to the statement, with a shared commitment to technological progress and innovation, PSA and EMC aim to consistently deliver outstanding service and exceed customer expectations.

“Environmentally friendly ships and efficient terminals are at the core of our operations. As the company’s business expands, we are always looking for like-minded partners to build high-efficiency terminals in important locations. With the culmination of everyone’s hard work comes the launch of Evergreen Marine’s first joint venture terminal with PSA. This achievement not only strengthens our operations in Asia but also marks the beginning of a deeper global partnership between us,” mentioned Y.I. Chang, Chairman of EMC.





Latest Posts

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...
error: Content is protected !!