COSCO Strengthens Presence in Singapore

port_singapore

COSCO Shipping Ports has signed an official agreement with PSA Corporation Limited (PSA) for the addition of two new berths at the COSCO-PSA Terminal (CPT) in Singapore.

The final documents were signed following a Memorandum of Understanding (MoU) inked in November 2018.

The two new berths have commenced official operation from January 1, 2019 and enabled the terminal to equip with five mega-vessel berths, increasing its annual handling capacity from previously 3 million TEUs to about 5 million TEUs.

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