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PSA and duisport team up to invest in multimodal logistics facilities in Asia and enhance Europe-Asia connectivity

PSA Northeast Asia Supply Chain Pte Ltd (“PSA”), a wholly-owned subsidiary of global ports group PSA International, has inked an agreement with the German multimodal logistics company Duisburger Hafen AG (“duisport”), trimodal logistics hub and Europe’s largest hinterland hub, to form a joint venture company Multimodal Investments Pte Ltd (“MIPL”) headquartered in Singapore. The joint venture will invest in multimodal logistics facilities in Asia, enhancing connectivity and trade flows between Europe and Asia.

Through MIPL, duisport will take a stake in PSA’s current investments in China’s multimodal logistics facilities i.e. the Sino Singapore Chongqing DC Multimodal Logistics (“SSCDC”) in Chongqing, and the China United International Rail Co. (“CUIRC”) rail terminal network.

Drawing on the combined supply chain expertise of PSA and duisport, MIPL will develop value-adding services for customers in Europe and Asia, providing them with efficient multimodal, logistics and digital services through Chongqing and the CUIRC rail terminal network.

Tan Chong Meng, Group CEO, PSA International, said, “This partnership with duisport is a groundbreaking opportunity to collaborate more strongly with global customers seeking direct access to both land-locked and maritime markets in Asia. We look forward to working with supply chain service providers to develop more physical and digital solutions for product redistribution and returns, enhancing the overall supply chain resilience between inland and sea terminals.”

“Our joint venture with PSA is a milestone in the history of the Port of Duisburg. It strengthens our market position in Asia and deepens our ties with one of the fastest growing regions in the global economy. Our participation in this authoritative network opens up new opportunities for European companies, in particular in markets that were previously closed to them. The combination of efficient rail infrastructure and innovative digital services associated with the joint venture is, in my opinion, unprecedented anywhere in the world. For our customers and partners, this cooperation offers completely new perspectives – and entrepreneurial opportunities. Multimodal Investments will become one of the decisive growth drivers for rail freight transport between Europe and Asia,” said Erich Staake, CEO, duisport.

Chongqing is the largest multimodal logistics hub in Western China, linked by transport services along the International Land Sea Trade Corridor (“ILSTC”) and China-Euro Trade Corridor. SSCDC is a key joint venture under the Chongqing Connectivity Initiative – Singapore’s third Government-to-Government project with China – developing a 33 hectare multimodal distribution hub connected to Yuzui Rail Terminal, located in Chongqing’s Liangjiang New Area. CUIRC has a network of 13 railway terminals across China, with its newest terminal located in Qinzhou, a key node for rail-sea multimodal services along the ILSTC.

 

ABOUT PSA INTERNATIONAL

PSA International (PSA) is a leading port group and trusted partner to cargo stakeholders. With flagship operations in Singapore and Antwerp, PSA’s global network encompasses over 50 locations in 26 countries around the world. The Group’s portfolio comprises 60 deepsea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services. Drawing on the deep expertise and experience from a diverse global team, PSA actively collaborates with its customers and partners to deliver world-class port services alongside, develop innovative cargo solutions and co-create an Internet of Logistics. As the partner of choice in the global supply chain, PSA is “The World’s Port of Call”. Visit us at www.globalpsa.com.

Note to Editors: PSA dropped the name of “Port of Singapore Authority” in 1997 when it became a corporatised entity. The company should be referred to as “PSA International Pte Ltd” or simply “PSA”.

 

ABOUT DUISPORT

Duisburger Hafen AG (duisport) owns and manages the Port of Duisburg, the world’s largest inland port. For this port and logistics location, the duisport Group offers full service packages in the area of infra- and suprastructure, including relocation management. In addition, the subsidiaries also provide logistics services, such as the development and optimization of transport and logistics chains, rail freight services, building management, contract and packaging logistics. www.duisport.com

 

For media queries, please contact:

Stella JIANG (PSA International): stellaj@globalpsa.com

Thomas Hüser (duisport): Thomas.hueser@duisport.de

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logport VI: Maersk plans investment in Duisburg – World’s largest container shipping company plans a distribution center in the north of Duisburg

Container logistics company Maersk and duisport are combining their forces to build and operate a new distribution and logistics center in Duisburg. The new building is supposed to be planned and constructed in short order. Maersk will use more than 100,000 square meters in logport VI. The contract negotiations are in the final phase. The new addition will create 350 new workplaces.

logport VI: The ideal location for future growth

A parcel of almost 43 hectares, which features a 500 meter long quay wall, is in the process of becoming the future home of a trimodal logistics location (including container terminal) that is part of the logport family. After logport I in Duisburg-Rheinhausen, the Walsum location is the second-largest project of Duisburger Hafen AG in the past 20 years.

“Our customers need more than just transport services from port to port. By assisting them with the entire transportation chain from door to door, we create real added value for our customers and reduce the complexity in their supply chains. As a global integrator for container logistics, Maersk has the required assets, know-how and extensive experience. We are very pleased to have found a partner in duisport, who understands this strong customer focus and who creates the required infrastructure at this attractive location,” says Jens-Ole Krenzien, Vice President North West Continent Region at Maersk.

Excellent infrastructure and connection to international trading routes as key location factors

“logport VI enables long-term and sustainable competitive advantages. The new container terminal directly on the Rhine and the direct connection to intermodal transportation chains in the European hinterland and to Asia are advantages in a globally competitive environment. The addition of Maersk demonstrates that the logistics hub in Duisburg has become essential for the large players in the industry,” says Erich Staake, Chief Executive Officer of Duisburger Hafen AG.

Maersk: duisport is a strategically important partner 

“We are very proud of this joint project in Duisburg, which will allow us to provide our customers in the heart of Europe with comprehensive and tailored logistics solutions,” says Krenzien. “The location will serve as an additional hub in the supply chains of our customers. Our engagement in logport VI is consistent with our strategy of providing globally integrated logistics services to our customers. Duisburg, the leading logistics hub in central Europe, is the ideal location for this project.”

 Number of workplaces at the new location is well above expectations: The addition of Maersk together with the investors that have been acquired to date will create over 600 workplaces

After the closing, and after all required approvals have been obtained, Maersk will develop a large distribution and warehouse complex in two phases. The company will utilize a large part of the total space, with an area of over 100,000 square meters. Another 50,000 square meters could be added during another expansion stage. “After purchasing this parcel, I spoke about our objective of doubling the number of employees who worked at the former paper factory (300 workplaces). With the addition of Maersk, we will be able to exceed this projection,” says Erich Staake, Chief Executive Officer of Duisburger Hafen AG.

Info

Maersk

A.P. Moller – Maersk is an integrated container logistics company that is committed to connecting and simplifying the supply chains of its customers. As the global leader in ocean freight services, Maersk is active in 130 countries and has around 80,000 employees. www.maersk.com

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