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Monday, 27 June 2016

PSA launches living lab for port and logistics industry

AGVs in operation at the PSA Living Lab, Pasir Panjang Terminal, Singapore AGVs in operation at the PSA Living Lab, Pasir Panjang Terminal, Singapore

PSA Corporation Limited (PSA) with the support of theEconomic Development Board (EDB) and the Maritime and Port Authority of Singapore (MPA) has inaugurated the PSA Living Lab, a living laboratory in Singapore for the port and logistics industry, with close to S$100 million committed to the initiativeover the next three years.

Comprising two operational berths at Pasir Panjang Terminal, the PSA Living Lab will enable start-ups and technology solution providers to collaborate with PSA to develop ideas and test-bed integrated systems in an unparalleled live port environment at PSA Singapore Terminals – one of the world’s busiest hubs for container movement.

The PSA Living Lab is an integral part of PSA’s on-going program to develop innovative and cutting-edge technology solutions for its existing terminal operations in Singapore, as well as the future Tuas Terminal. One key project is the Automated Guided Vehicle (AGV) system, which will ramp up operations to a fleet of 30 vehicles in 2017. Operationally-ready solutions have the potential to be deployed at terminals of the PSA Group worldwide.

The PSA Living Lab will also complement the recently-launched PSA unboXed Incubator program, which seeks innovative solutions from start-ups to revolutionise container terminal operations, streamline global supply chain logistics, and enhance the efficiency of international trade with better visibility and security.

Mr Yeoh Keat Chuan, Managing Director, Singapore Economic Development Board, said, “We are happy to support PSA Corporation in their effort to explore next generation solutions that will secure the future Tuas Port’s competitiveness and Singapore’s position as a global logistics hub. This exciting opportunity to co-develop and test-bed innovative port solutions at the world’s leading port will encourage other leading companies to partner PSA and look to Singapore as a location for value creation.”  

Mr Andrew Tan, Chief Executive, Maritime and Port Authority of Singapore, said, “We are pleased to work with PSA to strengthen its capabilities to be a world class port. We believe that the success of Maritime Singapore hinges upon our ability to leverage on good people together with cutting-edge technology to enhance our competitiveness. A strong hub port will help strengthen our efforts to develop Singapore into a leading International Maritime Centre, and PSA must stay ahead of the game to remain relevant.”

Mr Ong Kim Pong, Regional CEO Southeast Asia, PSA International, said, “PSA is pleased to partner EDB and MPA to provide an enabling environment to nurture and grow potentially game-changing innovations and technologies for the container port sector. As Singapore consolidates its container port activities in Tuas from the next decade, it is imperative for PSA to become even more efficient, innovative and productive to be future-ready and contribute to the country’s status as a global hub port.”

Press release 27 June 2016

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