PSA International (PSA) established itself as the strategic partner of Fuzhou Port Group (FPG) with the acquisition of a stake in Fujian Jiangyin International Container Terminal (FJCT) in the Port of Fuzhou, China. PSA is now the next biggest shareholder in FJCT after FPG.
FJCT is PSA’s third joint venture with FPG. Together with PSA’s current investments in Fuzhou International Container Terminal (FICT) and Fuzhou Qingzhou Container Terminal (FQCT), the new partnership in FJCT further enhances the strong collaboration between FPG and PSA that leverages on each other’s strengths to create synergy in port management and terminal operations. With this latest joint venture, PSA and FPG now operate a total of eight berths in the Port of Fuzhou at the three terminals of FQCT, FICT and FJCT.
FJCT is equipped with 667 metres of quay length, three Super-Post Panamax quay cranes (of 23-row outreach each) and a deepwater depth of 17.5 metres. It is capable of handling the mega container vessels plying the world’s maritime trade routes today.
Commenting on the partnership, Mr Tan Chong Meng, Group CEO of PSA, said, “I thank Fuzhou Port Group for giving PSA this opportunity to strengthen our 15-year-old relationship by making PSA its long-term partner of choice in FJCT. We are committed to draw on the extensive resources of the PSA Group to help make the Fuzhou Port a major success.”
Mr Ong Kim Pong, PSA’s Regional CEO for Northeast Asia, emphasised the importance of the Fujian Straits in relation to China’s western hinterland. He said, “PSA and Fuzhou Port Group recognise the tremendous potential of the Fuzhou Port as a major container hub port to support the further development of industries and hinterland investments in south-eastern and western China. We will continue to create value and help transform Fuzhou into the regional port of call in the Fujian Straits.”
About PSA International
PSA International is one of the leading global port groups. PSA participates in port projects across Asia, Europe and the Americas with flagship operations in Singapore and Antwerp. Employing the finest talents in the industry, PSA delivers reliable and best-in-class service to its customers and develops win-win relationships with its partners. As the port operator of choice in the world’s gateway hubs, PSA is “The World’s Port of Call”. PSA International has been voted “Best Global Container Terminal Operating Company” for eight years at the Asian Freight & Supply Chain Awards since 2005. Please visit us at www.internationalpsa.com.