PSA

MSC nears a stake deal with PSA for Nhava Sheva Terminal

Mediterranean Shipping Co. (MSC Group) is reportedly moving close to striking a deal to pick up a minority stake in PSA International’s new terminal at India’s Nhava Sheva Port (JNPT).

PSA Mumbai, also known as Bharat Mumbai Container Terminals (BMCT), began Phase I operations in February 2019, with a capacity of 2.4 million TEUs annually. The Singapore-based company was awarded a 30-year concession for the public-private-partnership (PPP) project in 2014, involving a total investment of US$1...

https://container-news.com/msc-nears-a-stake-deal-with-psa-for-nhava-sheva-terminal/

PSA Singapore withdraws restriction on hydrogen peroxide transportation

PSA Singapore has withdrawn a ban on carrying hydrogen peroxide through the port from Bangladesh and other countries.

The ban was imposed on 9 June, five days after the fatal fire and blast incident that occurred on 4 June at BM Container Depot in Chittagong which killed 49 and injured several hundred.

Following the imposition of the ban, the export of hydrogen peroxide from Bangladesh came to a halt as most of the consignments of hydrogen peroxide from Chittagong port are transported to their...

https://container-news.com/psa-singapore-withdraws-restriction-on-hydrogen-peroxide-transportation/

PSA Singapore launches digital transformation initiatives

In an effort to respond to the growing need for greater resilience and agility in supply chains, PSA has developed and launched more than 50 application programming interfaces (APIs).

Through this, it intends to enable digital transformation and enhance digital integration in the transport industry in Singapore.

With these APIs, hauliers’ existing in-house systems can now be digitally connected to PSA’s Portnet®, modernising and automating their work processes, including port documentation.

Portnet...

https://container-news.com/psa-singapore-launches-digital-transformation-initiatives/

Indian apex court issues temporary stay on Tuticorin terminal contract termination

PSA International has won a temporary reprieve from the Indian Supreme Court against a terminal contract termination notice issued by the Tuticorin port authority, also known as V.O. Chidambaranar (VOC), near Chennai, India.

PSA-Sical Terminals, which began operations in 1998, has been mired in a protracted legal battle over royalty obligations towards VOC.

The stay order, restraining VOC from proceeding with any action against PSA-Sical, would remain in force until the matter is finally decided...

https://container-news.com/indian-apex-court-issues-temporary-stay-on-tuticorin-terminal-contract-termination/

CMA CGM and PSA collaborate to reduce carbon footprint in Singapore

French ocean carrier CMA CGM and PSA Corporation, a subsidiary of the global port operator PSA International, have signed a Memorandum of Understanding (MoU) to expand collaboration with new digital solutions to reduce carbon footprint.

This agreement comes after the announcement about the successful PSA’s collaboration with another top-10 container line, Ocean Network Express (ONE), on the use of reclaimed refrigerant gas from reefer containers.

According to the MoU, CMA CGM will adopt PSA’s...

https://container-news.com/97942-2/

ONE and PSA complete trial use of reclaimed refrigerant gas from reefers

Ocean Network Express (ONE) and PSA Corporation have announced the successful use of reclaimed refrigerant gas from reefer containers.

After the agreement, the two parties signed on 28 July 2021, PSA and ONE are cooperating on several sustainability initiatives to recover and recycle refrigerant gas from refrigerated boxes.

PSA is the first in Southeast Asia to commence trials on the use of reclaimed refrigerant gas from reefers, with ONE being the first shipping line to successfully complete the...

https://container-news.com/one-and-psa-complete-trial-use-of-reclaimed-refrigerant-gas-from-reefers/

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