PSA Singapore, Evergreen Marine work on terminal operations

PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have established a joint venture in Singapore aiming to enhance operational performance.

The partnership aims to offer long-term terminal capacity assurance to EMC’s fast-expanding global vessel fleet in PSA Singapore.

PSA and EMC will continue to deepen their collaboration to enhance operational efficiency, drive digital innovation, and advance sustainability efforts.

The joint venture terminal is expected to commence operations by the end of 2024.

Nelson Quek, Regional CEO Southeast Asia, PSA International, said: “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.”

Y.I. Chang, Chairman of EMC, added: “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.

Last month, PSA Singapore launched the PSA Supply Chain Hub @ Tuas (PSCH) as part of its strategic development in Tuas Port.