PSA and CMA CGM double capacity of their JV terminal in Singapore

French shipping group CMA CGM and Singapore-based global container terminal operator PSA International have launched today Phase 2 of their container terminal in Singapore, thus doubling its capacity, announces the companies’ joint news release.

In June 2016, a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) was set up by CMA CGM and PSA to operate and use four mega container berths at PSA Singapore’s Pasir Panjang Terminal 5 (PPT 5). CPLT started its operations in July 2016 with two berths at PPT 5, capable of handling 2 mln TEU annually.

The newly opened Phase 2 adds two more berths and enhances the total operating capacity of CPLT up to 4 mln TEU. The terminal features industry-leading port infrastructure and technologies including state-of-the-art yard automation.

According to PSA, since the beginning of 2017 the terminal has achieved an average Gross Berth Productivity of over 160 moves per hour for mega vessels.

CPLT provides long-term terminal services to CMA CGM and its affiliate shipping lines, thereby ensuring best-in-class services for its fleet.

The official ceremony of CPLT Phase 2 launch was attended by Mr. François Hollande, President of the French Republic, and Mr. Khaw Boon Wan, Coordinating Minister for Infrastructure and Minister for Transport, Singapore.

Mr. Jean-Yves Duval, Senior Vice President Asia, CMA CGM Asia Regional Office 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.”

Mr. Ong Kim Pong, Regional CEO Southeast Asia, PSA International 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.”

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