China’s state-owned Tianjin Port Group (TPG) and Singapore’s PSA International (PSA) signed an agreement on May 18 to collaborate on further developing Tianjin Port to encourage the growth of northeast Asia.
PSA, a global container terminal operator, has already invested in two of Tianjin Port’s container terminals—Tianjin Port Pacific International Container Terminal and Tianjin Port Alliance International Container Terminal. These two facilities have altogether 10 berths and can handle the biggest container ships plying the oceans today, Tianjin port operator TPG said in a statement.
“Both organizations recognise the tremendous potential of Tianjin Port as a major container hub port in the Bohai Rim to support the further development of industries and hinterland investments in Northeast China. Together, TPG and PSA aim to ensure that Tianjin Port will be a world-class facility for global container shipping,” said Tian Chang Song, president of TPG.
Photo: Tambako the Jaguar
