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PSA breaks container volume record in 2023

PSA International reported a record-breaking year handling 94.8 million TEUs across its port terminals around the world in 2023. PSA’s flagship terminal in Singapore contributed...

PSA leads financing round of Bangladeshi truck booking platform

Truck Lagbe, a truck booking logistics platform in Bangladesh, has announced the completion of its Series A+ financing round. PSA International, a worldwide port operator and supply...

PSA acquires stake in Vietnam’s logistics provider

PSA International acquired a minority stake in SOTRANS Group (STG), also known as South Logistics Joint Stock Company, from Indo-Trans Logistics (ITL). The acquisition will...

PSA, Kazakhstan Railways collaborate to boost trade via the Trans-Caspian route

PSA International, a global provider of ports and supply chain solutions, and Kazakhstan Railways, the operator of the country's primary railway network, have agreed...

PSA acquires majority stake in ALISAN Logistics to extend network in Türkiye

PSA International has signed an agreement to buy 75% of the shares of privately held ALISAN Logistics through its wholly-owned subsidiary, PSA-BDP Turkey Supply...

PSA Cargo Solutions and BDP International form new brand

PSA International's business unit, PSA Cargo Solutions (Cargo Solutions) will combine with PSA's subsidiary BDP International to form a new brand, named PSA BDP. The...

COSCO, Hutchison Ports and PSA in eBL agreement

Global Shipping Business Network (GSBN), Saudi Basic Industries Corporation (SABIC), COSCO SHIPPING Lines, Hutchison Ports and PSA International have signed a non-binding memorandum of...

PSA International reports strong financial results amid slight container drop

PSA International achieved a huge year-on-year increase of 71.2% in its annual revenues reaching US$7.994 billion, driven by business acquisitions and higher storage income. Additionally,...

PSA seeks bidders for its CK Hutchison stake; China giants among potential buyers

Chinese state-owned giants, China Cosco Shipping Corp. and China Merchants Group, seem to be interested in acquiring PSA International Pte’s minority stake in Hong...

PSA exceeds 90 million TEUs in 2022

PSA International has announced it handled 90.9 million TEUs at its port projects worldwide in 2022, which represents a 0.7% decline compared with 2021...
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CMA CGM, DP World Ramp Up Investment Amid Global Trade Turbulence

As global trade fragments under the weight of geopolitical tensions, French shipping group CMA CGM and UAE-based logistics company DP World are positioning themselves...

AD Ports establishes Tbilisi Intermodal Hub in Georgia

AD Ports Group has announced the inauguration of the first phase of Tbilisi Intermodal Hub, Georgia's first modern, bonded container and intermodal terminal, and...

HMM introduces new North China-Indonesia service

South Korean container carrier HMM has announced the launch of a new service, the North-China-Indonesia Service (NIS), which will connect important ports in North...

Asia-Europe rates losing momentum without Transpacific spillover

Asia-Europe rates have been declining, as the surge in Transpacific rates has not had any spillover effects. With lower vessel utilisation, carriers are undercutting...
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