PSA and Evergreen form Singapore box terminal joint venture

Singapore’s PSA International and Taiwanese liner Evergreen have established a new joint venture terminal in Singapore, set to start operations by the end of this year.

The strategic partnership will offer long-term terminal capacity assurance to the world’s seventh-largest carrier’s fast-expanding global vessel fleet in PSA Singapore, the terminal operator said in a release.

“Environmentally friendly ships and efficient terminals are at the core of our operations. As the company’s business expands, we are always looking for like-minded partners to build high-efficiency terminals in important locations,” said Evergreen chairman Chang Yen-yi.

The move will see the duo continue working to bolster operational efficiency, drive digital innovation, and advance sustainability efforts.

“By integrating our strengths and capabilities, this mutually beneficial partnership will deliver greater value and deepen the synergies between the two organisations over the long term,” added Nelson Quek, PSA’s chief executive for the Southeast Asia region.