CMA CGM and PSA launch Phase 2 of container terminal joint venture in Singapore
Singapore: March 27, 2017
The CMA CGM Group and PSA today kicked off the second phase of their container terminal joint venture in Singapore.
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.
The CMA CGM - PSA Lion Terminal (CPLT) 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 (twenty-foot equivalent units) in July 2016. With the addition of two more berths under Phase 2 of its development, CPLT is now equipped with a total operating capacity of 4 million TEUs. CPLT has achieved high service levels with an average Gross Berth Productivity of more than 160 moves per hour for the mega vessels since the beginning of 2017.
Leveraging the industry-leading port infrastructure and technologies including the state-of-the-art yard automation at PSA’s newest PPT expansion, CPLT is well-primed to serve the mega vessels of CMA CGM and the affiliate shipping lines of the Group. This also enhances Singapore’s standing as a premier International Maritime Centre.
Mr. Jean-Yves Duval, Senior Vice President Asia, CMA CGM Asia Regional Office: "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".
About CMA CGM
CMA CGM, founded by Jacques R. Saadé, is a leading worldwide shipping group. Its 453 vessels call more than 420 ports in the world on all 5 continents. In 2016, they carried 15.6 million* TEU (twenty-foot equivalent units).
Now headed by Rodolphe Saadé, CMA CGM enjoys a continuous growth and keeps innovating to offer its customers new maritime, terrestrial, and logistical solutions.
With a presence in 160 countries and through its 600 agencies network, the Group employs 29,000 people worldwide, including 2,400 in its headquarters in Marseilles.
About PSA Singapore
PSA Singapore, a fully-owned subsidiary of PSA International, 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 world at this mega hub. Its excellence in port operations has consistently been recognised by the shipping community.
In 2016, it was voted the “Best Container Terminal (Asia)” at the Asian Freight, Logistics and Supply Chain Awards. PSA Singapore Terminals handled 30.59 million TEUs of containers in 2016.
Visit us at www.singaporepsa.com and www.facebook.com/singaporepsa.
CMA CGM press release