PSA Singapore Terminals (PSA) will invest SGD3.5 billion (US$2.8 billion) in developing phases three and four of the Pasir Panjang Terminal (PPT).

The new terminals will have a total of 15 berths, nearly 6,000 meters of quay length, and up to 18 meters of draft to serve the next generation of container ships, said PSA, operator of the country’s container port,  in a statement.

“When fully developed over the course of this decade, the new terminals will boost Singapore’s total container handling capacity to 50 million TEUs per year, and meet future growth of global trade and long-term needs of PSA’s customers,” the statement added.

Phases three and four will feature an automated container yard equipped with proprietary intelligent planning and operation systems, as well as unmanned, rail mounted gantry cranes running on electricity.

“With our continued focus on innovation, PSA will be better positioned to welcome the container vessels of tomorrow,” said Tan Chong Meng, group CEO of PSA.

 

Photo: R. Srijith

You May Also Like

PAL’s H1 profit surges nearly 950%

Flag carrier Philippine Airlines (PAL) posted a whopping 946% increase in net income in the first half of 2015 owing to higher revenue generated…

Subic port gets new equipment

Subic Bay International Terminal Corp. (SBITC) recently received and commissioned three new reach stackers and 16 new Kalmar Ottawa terminal tractors for its Subic…

Hapag-Lloyd, Hamburg Sud to resume merger talks

  Hamburg-based ocean carriers Hapag-Lloyd and Hamburg Sud plan to continue talks early this year of a possible merger that would create the sector’s…

Deutsche Post DHL netted gains in second quarter

Bonn-based Deutsche Post DHL said its net profit climbed to EUR422 million (US$562.3 million) in the second quarter of the year from EUR196 million…