Ocean Network Express and PSA launch joint - venture container terminal in Singapore
Ocean Network Express (ONE) and PSA Singapore (PSA) will join hands to form a joint venture company based at Pasir Panjang Terminal in Singapore. Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling capacity of 4 million TEUs.
The terminal will deliver reliable and efficient terminal services to ONE, securing best - in - class services for its fleet with this long term strategic partnership. 2 Pasir Panjang Terminal , designed to handle the demand dynamics of today and the future, enables ONE to leverage its industry - leading port infrastructure and cutting - edge technologies.
As the main hub in Southeast Asia for shipping lines and major alliances, Pasir Panjang Terminal has the capacity and scale of operations to meet ONE’s needs with high - quality services and enhanced productivity.
About PSA Singapore
PSA Singapore operates the world’s largest container transhipment hub in Singapore, linking shippers to an excellent network of major shipping lines with connections to 600 ports globally. Shippers have access to daily sailings to every major port in the w orld at this mega hub. Its excellence in port operations has consistently been recognised by the shipping community. In 2018, it won the “Ports and Terminals Award” at the Seatrade Maritime Awards Asia. PSA Singapore handled 33.35 million TEUs of container s in 2017.
About Ocean Network Express (ONE)
Ocean Network Express (ONE) was incepted on July 7, 2017 following the liner service integrations of Kawasaki Kisen Kaisha (“K” LINE), Mitsui O.S.K. (MOL) and Nippon Yuse n Kaisha (NYK). The new entity functions from its global headquarters in Singapore, supported by regional headquarters in Brazil, Hong Kong, Singapore, the United Kingdom, and the United States. ONE is the world’s sixth largest container carrier with a fleet size of approximately 1.5 million TEU. Operating more than 250 vessels, it offers an expeditious and a reliable international network of over 85 services to 120 countries and beyond. ONE is a member of THE Alliance (THEA), a global ocean carrier consortium.
