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ONE Inaugurates Joint Venture Magenta Singapore Terminal with PSA Singapore

Chennai:

Port Wings News Network:

An inauguration was held on 13 May 2019 for the Magenta Singapore Terminal, a joint venture terminal between Ocean Network Express (ONE) and PSA Singapore (PSA), 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 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.

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