PSA International

Infobox Company
company_name = PSA International
company_
company_type = Private
genre =
foundation = 2003
founder =
location_city =
location_country =
location = Singapore
origins =
key_people = Fock Siew Wah (Group Chairman), Eddie Teh (Deputy Group Chairman& Group CEO)
area_served =
industry = Transport
products =
services = Port services, logistics services
revenue = profit S$4,151 million SGD (2007) [ [http://www.singaporepsa.com/newsroom/news/2008/nr080303.pdf http://www.singaporepsa.com/newsroom/news/2008/nr080303.pdf] ]
operating_income = profit S$1,577 million SGD (2007)
net_income = profit S$1,925 million SGD (2007)
num_employees =
parent = Temasek Holdings Ptd Ltd
divisions =
subsid =
owner =
company_slogan = The World's Port of Call
homepage = [http://www.internationalpsa.com http://www.internationalpsa.com]
dissolved =
footnotes =

PSA International Pte Ltd is a second largest port operator in the world. [ [http://www.nytimes.com/2006/04/22/business/worldbusiness/22port.html Port Operator Buys a Stake in Big Rival] ] The company's flagship operations are PSA Singapore Terminals, PSA HNN and PSA Marine. In total, PSA operates 28 port projects in 16 countries across Asia, Europe and the Americas, with a global capacity of 111 million TEUs over 66km of quay length.

History

The Port of Singapore Authority was formed on April 1, 1964 to take over the functions, assets and liabilities of the Singapore Harbour Board. On August 25, 1997, a parliamentary bill was passed to corporatise the Port of Singapore Authority, and PSA Corporation Ltd (simplified Chinese: 新加坡港务集团有限公司) was corporatised on October 1, 1997. [cite web
url=http://infopedia.nlb.gov.sg/articles/SIP_577_2005-01-27.html
last=Chee
first=Veronica
title=Port of Singapore Authority (PSA)
work=Singapore Infopedia
publisher=National Library Board, Singapore
date=2001
accessdate=2006-09-17] PSA restructured in December 2003, with PSA International Pte Ltd becoming the main holding company for the PSA Group of companies. [cite web
url=http://www.internationalpsa.com/about/heritage_f2.html
title=Going Global
publisher=PSA International
accessdate=2006-09-17]

In 2006 PSA entered into a bidding war with Dubai Ports World for the British company P&O, [ [http://news.bbc.co.uk/1/hi/business/4653596.stm http://news.bbc.co.uk/1/hi/business/4653596.stm] ] but was outbid. [ [http://news.bbc.co.uk/1/hi/business/4480542.stm http://news.bbc.co.uk/1/hi/business/4480542.stm] ]

Shortly after, PSA announced that it has signed a sales and purchase agreement to purchase a 20% equity and loan interest in Hutchison Whampoa Limited's portfolio of ports.Fact|date=February 2007

PSA Singapore Terminals

PSA Singapore Terminals is the world’s largest container transshipment hub, handling about one-fifth of the world's total container transshipment throughput, and 6% of global container throughput. It has a network of 200 shipping lines serving 600 ports in 123 countries. [ [http://www.singaporepsa.com/corporate/corporateinfo.html http://www.singaporepsa.com/corporate/corporateinfo.html] ]

PSA claims to have developed several in-house IT systems, including Computer Integrated Terminal Operating System (CITOS); Portnet; Flow-Through Gate; Remote-controlled Overhead Bridge Cranes; Collaborative Port Community Solution.

PSA Marine

PSA Marine Pte Ltd, a wholly-owned subsidiary of PSA International, provides marine services to the maritime and shipping community. They include pilotage, port and terminal towage, ocean transportation, support vessels for the offshore oil & gas industry, heavy-lift, oil spill response and salvage services.

PSA HNN

PSA HNN was formed in 2002 through the merger of two established terminal operating companies, Hesse Noord Natie (HNN) and PSA. After the merger, PSA HNN became part of the PSA group. PSA HNN is PSA’s largest investment outside Asia and it operates terminals in the ports of Antwerp, Zeebrugge and Rotterdam, handling containers, cars and general cargoes.

On 31st Aug 2005, PSA HNN & K-Line-Yang Ming-Hanjin (KYH) announced the formation of a joint-venture company, Antwerp International Terminal NV, to operate multiple berths at the PSA HNN Deurganck Terminal in Antwerp wef Jan 2006. KYH is PSA’s long-time global customer. Antwerp will become the European hub for KYH to handle its rapidly expanding FE-Europe trade. PSA HNN plans to invest more than 500M euro in the next 5 years to double its terminal capacity to over 10 MTEU at Right and Left Bank of the River Schelde in Antwerp.Fact|date=February 2007 The KYH-PSA JV berths will be located at PSA HNN’s Deurganck Terminal at the Left Bank.

Ports and terminals

The table below includes current and future terminals managed by PSA International. [ [http://www.internationalpsa.com/factsheet/map.html http://www.internationalpsa.com/factsheet/map.html] ]

References

External links

* [http://www.internationalpsa.com PSA International website]