CMA CGM Group and PSA today kicked off the second phase of their container terminal joint venture in Singapore with the CMA CGM – PSA Lion Terminal (CPLT) gaining two more berths.
CPLT is now equipped with a total operating capacity of 4 million TEUs.
It started operations with two mega container berths at PSA Singapore’s Pasir Panjang Terminal 5 (PPT 5) that had an initial annual capacity of 2 million TEUs in July 2016 and has achieved high service levels with an average Gross Berth Productivity of more than 160 moves per hour since the beginning of 2017.
Officiating the event were Mr. François Hollande, President of the French Republic, and Mr. Khaw Boon Wan, Coordinating Minister for Infrastructure and Minister for Transport, Singapore.
Leveraging the industry-leading port infrastructure and technologies including the 'state-of-the-art' yard automation at PSA’s newest PPT expansion, CPLT has stated that it “is well-primed to serve the mega vessels” of CMA CGM and the affiliate shipping lines of the Group.
CMA CGM has also claimed that these developments enhance Singapore’s standing as a premier International Maritime Centre.
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.”
Another PSA joint project was recently developed with International Container Terminal Services in Puerto Aguadulce costing US$550 million in the Port of Buenaventura, Colombia.