CMA CGM and PSA begins second phase of container terminal JV in Singapore
CMA CGM Group and PSA International have started the second phase of their CMA CGM PSA Lion Terminal (CPLT) joint venture (JV) in Singapore with the addition of two mega container berths.
The newly added berths are situated at PSA’s Pasir Panjang Terminal 5 (PPT 5) in Singapore and will handle CMA CGM's large vessels, as well as those from its affiliate shipping lines.
PPT 5 had an initial annual capacity of two million twenty-foot equivalent units (TEUs) in July last year, while the new addition has increased the company’s total operating capacity to four million TEUs.
CPLT has also achieved an average gross berth productivity of more than 160 moves per hour for the mega vessels since January.
CMA CGM Asia regional office senior vice-president Jean-Yves Duval said: “This is another exciting milestone for CMA CGM as part of the Group’s continuing efforts to make Singapore our main hub in the region, while reiterating the importance of Singapore to our global strategy.”
CMA CGM and PSA announced their plan to form CPLT in June, to operate and use four mega container berths at Pasir Panjang terminal.
PSA International Southeast Asia regional CEO Ong Kim Pong said: “PSA is deeply honoured by the trust that CMA CGM has placed on us to serve as their Asian hub for the long haul.
“We look forward to the opportunities this brings to support trade between the ever-growing economies of the Asia-Pacific region, and the world.”
PSA’s Singapore subsidiary currently connects shippers to a network of 600 ports worldwide.
Image: PSA’s Pasir Panjang Terminal in Singapore. Photo: courtesy of CMA CGM.