CMA CGM, PSA form container terminal JV in Singapore

psa-terminal-in-singapore

French shipping group CMA CGM and the Republic’s container terminal operator PSA Corporation will form a joint venture company to operate and use four mega container berths at Pasir Panjang Terminal 3 and 4.

In a joint news release on Wednesday (Jun 15), they announced that the company, CMA CGM-PSA Lion Terminal (CPLT), will start operations from the second half of this year.

CPLT will provide long-term terminal services to CMA CGM and its shipping line affiliates.

Mr Tan Chong Meng, Group CEO of PSA International, said: “We are honoured to embark on this win-win partnership.

“CPLT will cater to the volume growth of the CMA CGM Group in Asia. PSA looks forward to working alongside CMA CGM to ensure that its hub operations flourish, and enhance Singapore’s premier status as the world’s busiest transhipment hub.”

– CNA/xk

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