The Port of Singapore Authority became formed in 1964 to take over the features, assets and liabilities of the Singapore Harbour Board. In August 1997, a parliamentary invoice turned into exceeded to corporatise the Port of Singapore Authority, and it become renamed PSA organization Ltd. The corporation kept the call PSA but it is no longer an acronym.
PSA Singapore Terminals is the flagship terminal of PSA international, one of the leading global port businesses, with port initiatives spanning across Asia, Europe and the Americas.
In Singapore, PSA is designed to perform a total of 57 berths with a coping with potential of forty million TEUs yearly at its box terminals in Tanjong Pagar, Keppel, Brani and Pasir Panjang.
To satisfy the destiny growth of worldwide alternate and lengthy-time period needs of customers, PSA is developing Pasir Panjang Terminal phases three & four – the primary set of berths started out operations in 2014. While fully completed with the aid of quit 2017, the new terminals will enhance Singapore’s general field managing capacity to 50 million TEUs according to 12 months.
In 2014, PSA Singapore Terminals handled 33.Fifty five million TEUs of boxes. PSA is:
global’s Busiest Transhipment Hub – accounting for one-seventh of the sector’s total container transhipment throughput and five% of worldwide field throughput.
One of the world’s biggest Refrigerated field (Reefer) Ports – more than 9,000 reefer points; dealt with approximately 1.7 million TEUs of reefers in 2014.
Outstanding Connectivity – related to 600 ports, with each day sailings to every foremost port within the global.
As a port operator of choice, PSA has been voted the “nice field Terminal (Asia)” for the 25th time at the 2014 Asian Freight & deliver Chain Awards and “Port Operator Award” on the Lloyd’s list Asia Awards for the 13th time in 2014.
Transhipment is the transfer of boxes from one vessel to any other vessel certain for its final vacation spot, whereas in transit. This is essentially the business PSA is in.
Singapore’s strategic place within the coronary heart of Southeast Asia and on the nexus of essential transport routes has made it an crucial logistic hub and conduit for international change. Being the arena’s top transhipment hub, Singapore is attached to six hundred ports, with day by day sailings to every predominant port of call inside the international.
With its unrivalled connectivity, many small feeder vessels deliver boxes to Singapore. On the Port of Singapore, those boxes get loaded onto large vessels so that it will then deliver the cargo to their very last destination.
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