PSA Singapore and Evergreen Marine Launch Joint Venture for ...

PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have announced the establishment of a joint venture aimed at optimizing container terminal operations in Singapore. This strategic partnership is poised to enhance operational efficiency and create synergies as both companies respond to the growing demands of the maritime industry.

The new terminal is set to commence operations by the end of 2024, ensuring long-term capacity assurance for EMC’s rapidly expanding global fleet. The collaboration between PSA and EMC is expected to foster advancements in digital innovation, sustainability initiatives, and operational effectiveness.

Mr. Ong Kim Pong, Group CEO of PSA International, highlighted the importance of global trade, stating, “Trade flows are the lifeblood of the global economy… Together, we see immense opportunities to embark on initiatives that will not only enhance supply chain resilience but also reimagine how ports and shipping lines can work in unison.”

Echoing this sentiment, Mr. Nelson Quek, Regional CEO Southeast Asia of PSA International, emphasized the significance of the joint venture in responding to the evolving needs of the maritime sector. “By integrating our strengths and capabilities, this mutually beneficial partnership will deliver greater value and deepen synergies between our organizations,” he said.

Mr. Y.I. Chang, Chairman of EMC, recognized the importance of sustainability in this new collaboration. “Environmentally friendly ships and efficient terminals are at the core of our operations. This achievement not only strengthens our operations in Asia but also marks the beginning of a deeper global partnership between us,” he noted.

As the joint venture takes shape, both companies remain committed to enhancing service delivery and advancing technology within the maritime logistics space.

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