PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have announced a joint venture to develop a cutting-edge container terminal in Singapore, a move poised to strengthen global supply chain resilience and elevate operational efficiency. Scheduled to begin operations by the end of 2024, this strategic partnership ensures long-term terminal capacity for Evergreen’s rapidly growing global vessel fleet at one of the world’s busiest transshipment hubs.
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Advancing Operational Excellence and Innovation
This collaboration builds on the longstanding relationship between PSA and Evergreen Marine, emphasizing shared goals of operational excellence, digital innovation, and sustainability. The joint venture aligns with PSA’s Node-to-Network (N2N) strategy, which seeks to enhance supply chain connectivity and adaptability.
“Global trade fuels economic growth, connects communities, and drives markets,” said Mr. Ong Kim Pong, Group CEO of PSA International. “Through this partnership with Evergreen Marine, we’re reimagining how ports and shipping lines can synergize to ensure the seamless flow of trade.”
A Vision for Sustainable Growth
The partnership underscores Evergreen Marine’s focus on environmentally friendly shipping and high-efficiency terminals. “As we expand our operations, partnering with PSA allows us to create a terminal that aligns with our commitment to sustainability and operational excellence,” stated Mr. Y.I. Chang, Chairman of Evergreen Marine.
The new terminal will serve as a vital hub in Evergreen Marine’s network, reinforcing its presence in Asia and enhancing its global operations.
A Commitment to Collaboration
“This joint venture marks a new chapter in our partnership with Evergreen Marine,” added Mr. Nelson Quek, Regional CEO Southeast Asia at PSA International. “Together, we aim to meet the evolving demands of the maritime industry, delivering exceptional value and deepening our collaboration for long-term success.”
The joint venture exemplifies PSA and Evergreen Marine’s dedication to innovation, sustainability, and service excellence, paving the way for a more resilient and interconnected global supply chain.
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