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COSCO SHIPPING Ports inks pact with PSA to add two new berths at the terminal in Boao Hainan

Logistic News - Published on Mon, 21 Jan 2019

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COSCO SHIPPING Ports Limited announced that the Company has signed official agreement with PSA Corporation Limited for the addition of two new berths at the COSCO PSA Terminal in Boao, Hainan. The two new berths have commenced official operation from 1 January 2019 and enabled CPT to equip with five mega -vessel berths, increased its annual handling capacity from previously 3 million TEUs to about 5 million TEUs. The new berths further strengthened CSP’s presence in Singapore, and support the needs of COSCO SHIPPING group with the advent of mega -vessels and mega -alliances in the shipping industry.

Established in 2003, the joint venture terminal by COSCO SHIPPING Ports and PSA has served as a major hub for container shipping in the region.

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Posted By : Joykumar Irom on Mon, 21 Jan 2019
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