PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have established a joint venture for container terminal operations in Singapore, aiming to enhance operational excellence and achieve greater synergies in container operations.
The joint venture terminal is expected to commence operations by the end of 2024, and the strategic partnership will offer long-term terminal capacity assurance to EMC’s fast expanding global vessel fleet in Singapore.
PSA and EMC, a Taiwanese shipping company that specializes in container transportation, say the two intend to deepen their collaboration to enhance operational efficiency, drive digital innovation, and advance sustainability efforts.
The strengthened partnership, with a declared shared commitment to leading technological advancements and innovation, is aimed at ensuring PSA and EMC deliver consistent high-quality service for its customers.
Group CEO of PSA International, Ong Kim Pong, said trade flows are the lifeblood of the global economy, fueling markets, driving growth, and connecting communities worldwide with ports and shipping lines acting as its key enablers.
“PSA is proud to announce our latest collaboration with Evergreen Marine, a like-minded partner dedicated to advancing global trade and connectivity,” Mr Kim Pong said.
“Together, we see immense opportunities to embark on initiatives that will not only enhance supply chain resilience but also reimagine how ports and shipping lines can work in unison, as part of our Node-to-Network strategy so as to ensure global trade flows as smoothly as water.”
Y.I. Chang, chairman of EMC, commented that environmentally friendly ships and efficient terminals are at the core of EMC’s operations.
“As the company’s business expands, we are always looking for like-minded partners to build high-efficiency terminals in important locations,” Mr Chang said.
“With the culmination of everyone’s hard work comes the launch of Evergreen Marine’s first joint venture terminal with PSA.
“This achievement not only strengthens our operations in Asia but also marks the beginning of a deeper global partnership between us.”
