Cargo Business Newswire

Thursday, June 25, 2015

Singapore port opens latest addition to $2.6B container terminal

The port of Singapore opened the newest addition to its $2.6 billion container terminal development this week, in an effort to accommodate the increasing number of mega-ships plying trade on the seas.

A few of the planned 15 berths in Phases 3 and 4 of the Pasir Panjang Terminal are now operational. The rest of the project is scheduled to be completed by the end of 2017, and will raise the port’s annual container handling capacity to 50 million TEUs, according to terminal operator PSA.

All the new berths at Pasir Panjang are designed to be able to handle container ships with capacities larger than 10,000 TEUs.

"This project also reflects our philosophy ... always to scan the horizon, discern the trends, plan and invest ahead of time," said Fock Siew Wah, group chief executive officer of PSA International.

For more of the Economic Times story: economictimes.indiatimes.com