Terminal operator PSA and Mitsui OSK Lines (MOL) are to set up a joint venture to manage a ro-ro terminal in Singapore. The terminal is expected to start operating in the first half of the year.
According to a press release issued by MOL, this partnership aims to improve the reliability of port services and operational efficiency for MOL’s Ro-Ro service.
“Through this joint venture, MOL will leverage its extensive global service network, while PSA will contribute its longstanding expertise as a terminal operator, strengthening their long-term partnership as they jointly manage the terminal operations’ ”the statement said.
In addition to port operations, MOL and PSA will strengthen their collaboration in three key areas: operational optimization, digital innovation and leadership in sustainability. “These efforts are aligned with PSA’s vision of connecting its nodes into a synchronised network that can adapt to evolving trade patterns, as well as MOL’s management plan, “BLUE ACTION 2035”, which aims to strengthen its global market position and drive sustainable business growth,”
Translation by Giles Foster
