…As COSCO Strengthens Presence in Singapore***
French shipping major CMA CGM is joining its Containerships and MacAndrews brands under the single Containerships brand from April 1, 2019.
By joining the forces of two intra-European multimodal transport companies, CMA CGM said it would create and develop an Intra-European leading brand, combining maritime and inland solutions with complementary regional footprints.
“This new, innovative single brand will thus be able to unlock major synergies and concentrate its resources on commercial growth and on the development of high quality services for its customers,” the company explained.
CMA CGM added that the integration of the local agencies’ networks would also allow for the creation of a tailored intra-regional service.
In the meantime, Hong Kong-listed port operator COSCO Shipping Ports has signed an official agreement with PSA Corporation Limited (PSA) for the addition of two new berths at the COSCO-PSA Terminal (CPT) in Singapore.
The final documents were signed following a Memorandum of Understanding (MoU) inked in November 2018.
The two new berths have commenced official operation from January 1, 2019 and enabled the terminal to equip with five mega-vessel berths, increasing its annual handling capacity from previously 3 million TEUs to about 5 million TEUs.
The new berths are supported by automated yard technology at Pasir Panjang Terminals, allowing for more efficient berthing arrangements, and enabling the terminal to increase productivity and greatly enhance its service capability.
COSCO Shipping Ports said that the new berths support the needs of COSCO Shipping Group to accommodate mega-vessels and mega-alliances in the shipping industry.
The terminal was established in 2003, as a joint venture between COSCO Shipping Ports and PSA. In 2017, CPT moved from its two-berth terminal to three mega berths, before bringing its berth tally to a total of five mega berths at PSA’s Pasir Panjang Terminal (PPT) 5 and 6.
World Maritime News