Singapore hub port to up berthing capacity

The COSCO PSA Terminal (CPT) in Singapore.

COSCO Shipping Ports Limited and the PSA Corporation Limited have signed a memorandum of understanding for the addition of two new berths at the COSCO PSA Terminal (CPT) in Singapore.

With the launch of the two new berths, CPT will be equipped with five mega-vessel berths, increasing its annual handling capacity from 3-5 million TEUs.

The cooperation would further deepen the collaboration between CSP and PSA and strengthen the role of the Port of Singapore as a global container transhipment hub, reinforcing global shipping links, said Hang Wei, vice chairman and MD of COSCO Shipping.

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