The CMA CGM Group and PSA have kicked off the second phase of their container terminal joint venture in Singapore.
Officiating the event were François Hollande, President of the French Republic, and 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.
Jean-Yves Duval, Senior Vice President Asia, CMA CGM Asia Regional Office said: "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."
Ong Kim Pong, Regional CEO Southeast Asia, PSA International stated: " PSA is deeply honoured by the trust that CMA CGM has placed on us to serve as their Asian hub for the long haul. We look forward to the opportunities this brings to support trade between the ever-growing economies of the Asia-Pacific region, and the world."
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).
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.