PSA International
 |
|
| Type | Private |
|---|---|
| Industry | Transport |
| Founded | 2003 |
| Headquarters |
|
| Key people | Fock Siew Wah (Group Chairman), Tan Chong Meng (Group CEO) |
| Services | Port services, logistics services |
| Revenue |  S$4,151 million SGD (2007)[1] |
| Operating income | S$1,577 million SGD (2007) |
| Net income | S$1,925 million SGD (2007) |
| Parent | Temasek Holdings Ptd Ltd |
| Website | http://www.internationalpsa.com |
PSA International Pte Ltd, formerly Port of Singapore Authority is the largest port operator in the world.[2] 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 66 km of quay length.
Contents |
[edit] History
In 1863, Tan Kim Ching, Singapore's leading Chinese merchant at that time, came up with $120,000 to found and set up the Tanjong Pagar Dock Company (the forerunner of today's Port of Singapore Authority), purchased two steamships, "Siam" and "Singapore" and promoted the Tanjong Pagar Dock Co.[3][4][5][6][7][8]
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.[9] PSA restructured in December 2003, with PSA International Pte Ltd (simplified Chinese: PSA国际港务集团有限公司) becoming the main holding company for the PSA Group of companies.[10]
In 2005, PSA bought 20% shares of Hongkong International Terminals Ltd. through a subsidiary PortCapital Limited.[11]
In 2006 PSA entered into a bidding war with Dubai Ports World for the British company P&O,[12] but was outbid.[13]
Shortly after, PSA announced that it has signed a sales and purchase agreement to purchase a 20% equity and loan interest of Hutchison Port Holdings, the subsidy of Hutchison Whampoa Limited in April 2006.[14]
[edit] 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.[15]
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.
[edit] 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, Bruges-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.[citation needed] The KYH-PSA JV berths will be located at PSA HNN’s Deurganck Terminal at the Left Bank.
[edit] Ports and terminals
The table below includes current and future terminals managed by PSA International.[16]
[edit] 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.
[edit] References
- ^ http://www.singaporepsa.com/newsroom/news/2008/nr080303.pdf
- ^ DP World is third-largest ports operator
- ^ A History of Singapore, 1819-1988: 1819-1988 By Constance Mary Turnbull Published by Oxford University Press, 1989; ISBN 0195889118, ISBN 9780195889116; p. 92, 93, 99
- ^ Historical Dictionary of Singapore By K. Mulliner, Lian The-Mulliner Published by Scarecrow Press, 1991; ISBN 081082504X, 9780810825048; pp. 63, 146, 148
- ^ The American Neptune By Peabody Museum of Salem, Peabody Essex Museum Published by Peabody Museum of Salem, 1966; Item notes: v.26-27 1966-1967; p. 113
- ^ Management of Success: The Moulding of Modern Singapore By Kernial Singh Sandhu, Paul Wheatley, Syed Hussein Alatas Published by Institute of Southeast Asian Studies, 1989; ISBN 9971988968, ISBN 9789971988968; p. 12
- ^ Tanjong Pagar: A Pictorial Journey (1819-1989) = Tan-jung Pa-ko Tʻu Pʻien Chi By Tanjong Pagar Constituency (Singapore, Tanjong Pagar Citizens' Consultative Committee, Tanjong Pagar Constituency (Singapore), Tanjong Pagar Citizens' Consultative Committee Published by Tanjong Pagar Constituency, 1989; ISBN 9813002271, 9789813002272; p. 182
- ^ An Ode To Friendship: Celebrating Singapore-Thailand Relations, Heritage 05 (April June) Newsletter, by Wong Wee Hon, Head (Archives Reference Room) / National Archives of Singapore, the National Heritage Board of Singapore published the National Heritage Board, National Archives of Singapore.
- ^ Chee, Veronica (2001). "Port of Singapore Authority (PSA)". Singapore Infopedia. National Library Board, Singapore. http://infopedia.nlb.gov.sg/articles/SIP_577_2005-01-27.html. Retrieved 2006-09-17.
- ^ "Going Global". PSA International. Archived from the original on 2006-03-20. http://web.archive.org/web/20060320042820/http://www.internationalpsa.com/about/heritage_f2.html. Retrieved 2006-09-17.
- ^ "HWL sells stake in HIT and COSCO-HIT". Hutchison Whampoa. 2005-06-12. http://www.hutchison-whampoa.com/upload_docs/2005/06/Corporate/1580/1580_eng.htm. Retrieved 2010-03-23.
- ^ http://news.bbc.co.uk/1/hi/business/4653596.stm
- ^ http://news.bbc.co.uk/1/hi/business/4480542.stm
- ^ http://www.financialexpress.com/news/hutchison-sells-20-port-stake-to-psa-for-4.4-bn/163227/
- ^ http://www.singaporepsa.com/corporate/corporateinfo.html
- ^ http://www.internationalpsa.com/factsheet/map.html
