ONE, PSA Open Magenta Singapore Terminal

May 27, 2019

The Japanese container shipping company, headquartered in Tokyo and Singapore  Ocean Network Express (ONE), recently held an inauguration ceremony with PSA Singapore (PSA) for the Magenta Singapore Terminal (MST).

The joint venture between ONE and PSA will operate four mega container berths at Pasir Panjang Terminal with a combined annual handling capacity of 4 million TEUs, said a press release from ONE, famous for its colorful magenta livery.

MST is set  to operate four mega container berths at Pasir Panjang Terminal with a combined annual handling capacity of 4 million TEUs.

This strategic long term partnership was announced in December 2018, to provide capacity and scale of operations in meeting ONE’s needs of establishing Singapore as its transhipment hub in Southeast Asia, with high-quality services and enhanced productivity through the industry-leading port infrastructure and cutting-edge technologies, the release said.

The Magenta Singapore Terminal is named after ONE’s distinctive brand identity and the inauguration also saw ONE’S 14,000 TEU-class magenta container ship, ONE STORK, berthed at the new joint venture terminal.

Logistics News

GAC to Acquire Quadrant Pacific’s Ship Agency Business

GAC to Acquire Quadrant Pacific’s Ship Agency Business

US East Coast Port Union Strike Threat to Test Shippers' Nerves

US East Coast Port Union Strike Threat to Test Shippers' Nerves

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Xeneta: US Importers Caught in a Vicious Circle

Xeneta: US Importers Caught in a Vicious Circle

Subscribe for Maritime Logistics Professional E‑News