The Agreement was signed by Mr Tian Chang Song, Group President, TPG and Mr Tan Chong Meng, Group CEO, PSA, in the presence of Mr Yu Ru Min, Chairman of TPG and Mr Fock Siew Wah, Group Chairman of PSA.
TPG and PSA currently have extensive collaboration on port projects in China. PSA has invested in two of Tianjin Port’s container terminals, namely Tianjin Port Pacific International Container Terminal (TPCT) and Tianjin Port Alliance International Container Terminal (TACT). These two facilities have altogether 10 berths and can handle the biggest container ships plying the oceans today, hence making Tianjin Port one of the preferred hub ports of call for mega container vessels in the Northeast Asia region and the Agreement signed forms the basis for both companies to seek further collaboration and expansion.
Mr Tian Chang Song, Group President of TPG, said, “This Agreement is another critical milestone in the very friendly and positive relationship that TPG has with PSA. Both organisations recognise the tremendous potential of Tianjin Port as a major container hub port in the Bohai Rim to support the further development of industries and hinterland investments in Northeast China. Together, TPG and PSA aim to ensure that Tianjin Port will be a world class facility for global container shipping.”
Mr Tan Chong Meng, Group CEO of PSA, was also very positive about the signing of the Agreement. He commented, “I thank TPG for giving PSA this opportunity to enhance our bilateral ties and further our involvement in developing Tianjin Port. PSA is committed to give its best expertise and resources to help develop Tianjin Port into a resounding success.”
About Tianjin Port Group
Tianjin Port (Group) Co., Ltd. is a large state-owned enterprise owned by Tianjin Municipality Government, and is responsible for the overall management and development of Tianjin Port. As the core enterprise responsible for implementing the nation’s development plan for the Northern Region Maritime and Logistics Center, TPG operates the largest integrated, full-service port in northern China.
About PSA International
PSA International is one of the leading global port groups. With its flagship operations in PSA Singapore Terminals and PSA Antwerp, PSA participates in 29 port projects in 17 countries across Asia, Europe and the Americas. Employing the finest talents in the industry, PSA delivers reliable and best-in-class service to its customers and develops win-win relationships with its partners. As the port operator of choice in the world’s gateway hubs, PSA is “The World’s Port of Call”. PSA International has been voted “Best Global Container Terminal Operating Company” at the Asian Freight & Supply Chain Awards for six years since 2005.