COSCO SHIPPING Ports Limited (COSCO SHIPPING Ports, CSP, HKEX stock code:1199 ) a leading ports operator in the world, yesterday announced that the Company has signed official agreement with PSA Corporation Limited (PSA) for the addition of two new berths at the COSCO-PSA Terminal (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.
On Photo: Mr. Deng Huangjun, Executive Director of COSCO SHIPPING Ports (right in the front row) and Ms. Ong Chiew Suan, Head of Commercial, PSA Corporation Ltd (left in the front row), signed the agreement on behalf of CSP and PSA respectively. The ceremony was witnessed by Captain Xu Lirong, Chairman of China COSCO Shipping Corporation Limited (“COSCO Shipping”) (4th from the right in the back row), Mr. Huang Xiaowen, Executive Vice President and Party Committee Member of COSCO Shipping (3rd from the right in the back row), Mr. Zhang Wei (張煒), General Manager of Operation and Management Department of COSCO Shipping (1st from the right in the back row), Mr. Wang Haimin, Executive Director and General Manager of COSCO SHIPPING Holdings (2nd from the left in the back row), Mr. Zhang Wei (張為), Vice Chairman and Managing Director of COSCO SHIPPING Ports (2nd from the right in the back row), Mr. Tan Chong Meng, Group CEO of PSA International (5th from the left in the back row), Mr. Ong Kim Pong, Regional CEO Southeast Asia, PSA International (4th from the left in the back row), Ms. Ho Ghim Siew, Head of Group Commercial, Strategy & Cargo Solutions, PSA International (3rd from the left in the back row) and Ms. Kwong Wai Yan, Regional CFO Southeast Asia, PSA International (1st from the left in the back row).