PSA Singapore and Mitsui O.S.K. Lines have announced the formation of a joint venture Ro-Ro terminal in Singapore. The partnership aims to enhance operational quality and unlock greater synergies in global automobile logistics.
The JV terminal is currently subject to regulatory approval. Operations are expected to commence in the first half of this year.
Singapore serves as Southeast Asia’s largest automotive transhipment hub. The city-state acts as a key gateway connecting Asia to major global markets. It offers multiple regional connections and value-added services for vehicles transiting from source to market.
Strategic Partnership Enhances Service Reliability
The strategic partnership will enhance terminal service reliability and operational efficiency for MOL’s Ro-Ro services. It secures long-term terminal capacity to support growing automobile transport demand.
MOL will leverage its extensive global service network through the joint venture. PSA will contribute its longstanding expertise as a terminal operator. The companies will strengthen their long-term partnership by jointly managing terminal operations.
PSA and MOL will deepen collaboration across three key areas. These include operational optimization, digital innovation, and sustainability leadership.
The efforts align with PSA’s vision of connecting its nodes into a synchronized network. The network can adapt to evolving trade patterns. The partnership also supports MOL’s management plan “BLUE ACTION 2035.” The plan aims to strengthen the company’s global market position and drive sustainable business growth.
Integrating into Global Network
Nelson Quek, Regional CEO Southeast Asia at PSA International, emphasized PSA’s role in global trade. “This partnership with MOL strengthens that role by integrating our automobile terminal more deeply into our global network,” he said. The integration enables seamless connectivity across the automotive logistics value chain.
Quek stated both companies are committed to delivering sustainable, long-term value for automotive customers.
Jotaro Tamura, Senior Managing Executive Officer of MOL, described the investment as an important part of the company’s regional strategy. MOL aims to expand beyond shipping business alongside its marine transportation services. The company will expand its automotive business through the partnership.
“By combining the strengths of MOL and PSA in this joint venture, we will enhance scale and efficiency while driving sustainability and digital innovation,” Tamura said. The investment reflects MOL’s commitment to stronger industry partnerships and a more sustainable global supply chain.
The companies aim to deliver higher quality automotive transportation services to customers.
