Subject to regulatory approvals, the joint venture terminal is scheduled to begin operations in the first half of 2019 and operate four mega container berths with a combined annual handling capacity of 4 million TEUs.
Ong Kim Pong, PSA International regional CEO for Southeast Asia, called the collaboration “a win-win and mutually beneficial partnership.”
“Recently, PSA has developed many enhanced products, including data analytics tools to boost port efficiency and initiatives for cargo solutions to address market needs,” he said. “We look forward to working alongside with ONE to grow its value, strengthen its position as a major global player and at the same time enhance the status of the Port of Singapore as a premier global container and cargo orchestration hub.”
ONE CEO Jeremy Nixon said the agreement cements “a long-lasting relationship into a long-term strategic partnership.”
“Through this joint venture in Singapore, ONE will be enabled to further enhance its terminal and vessel planning operations in an even closer cooperation with PSA. This will improve our service reliability and benefit our customers through better service levels,” Nixon said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now