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Wednesday, 24 June 2015

PSA opens Phases 3 and 4 of $3.5 billion Pasir Panjang Terminal

Port operator PSA Singapore Terminals (PSA) has launched Phases 3 and 4 of its $3.5 billion Pasir Panjang Terminal (PPT) with the opening of almost 6,000 metres of quay length designed to serve the next generation of mega container ships.

The new terminal was officially opened by the Prime Minister of Singapore, Mr Lee Hsien Loong and features a draught of 18 metres as well as the latest port infrastructure and innovations, such as a zero-emission, fully-automated electric yard crane system.

“Such technologies will help to raise port productivity, enhance PSA’s ability to manage greater business complexity and create more higher skill-based career opportunities,” a PSA spokesperson said in a statement.

PSA is working closely with the Singaporean government to develop the site as well as the future Tuas Port which will add further capacity to Singapore’s already highly developed container shipping sector.

“We are proud to be always alongside Singapore, playing a leading role in an industry which underpins our nation’s economic success. I would like to thank the government, our customers and business partners for their unstinting support over the years,” Fock Siew Wah, Group Chairman, PSA International commented, adding that opening fell on the same day and month [23 June] as the arrival of the first container vessel, the M.V. Nihon, in Singapore back in 1972.

The proposed development of Tuas port will create additional capacity of 65 million TEU and aims to ensure that Singapore is the world’s largest container transhipment hub. PSA reported that its terminals handled 33.55 million TEUs of containers in 2014. 

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