ONE Inaugurates Joint Venture Of Magenta Singapore Terminal

ONE Inaugurates Joint Venture Of Magenta Singapore Terminal 1

Magenta Singapore Terminal which is a joint venture terminal between Ocean Network Express (ONE) and PSA Singapore (PSA) was inaugurated on 13 May 2019. Singapore Terminal is to operate four mega container berths at Pasir Panjang Terminal with a combined annual handling capacity of 4 million TEUs.

This strategic long term partnership, for providing capacity and scale of operations in meeting ONE’s needs of establishing Singapore as its transhipment hub in Southeast Asia, with high-quality services and enhanced productivity through the industry-leading port infrastructure and cutting-edge technologies,  was announced in December 2018. The Magenta Singapore Terminal is named after ONE’s distinctive brand identity and the inauguration also saw ONE’S 14,000 TEU-class magenta container ship, ONE STORK, berthed at the new joint venture terminal.

Mr Jeremy Nixon, Chief Executive Officer of ONE and Mr Tan Chong Meng, Chief Executive Officer of PSA attended the inauguration of Magenta Singapore Terminal.

ONE STORK, Ocean Network Express’ first magenta-coloured containership with a carrying capacity of 14,000 TEU, is deployed on THE Alliance’s PN2 service.

Reference: one-line.com

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