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ONE inaugurates joint venture Magenta Singapore Terminal with PSA Singapore

04/06/2019

THE 14,000-TEU ONE Stork, Ocean Network Express' (ONE), the Japanese shipping line's first magenta-coloured ship, is now inaugurated in THE Alliance's PN2 service.

An inauguration was held for the Magenta Singapore Terminal, a joint venture terminal between Ocean Network Express (ONE) and PSA Singapore (PSA), to operate four mega container berths at Pasir Panjang Terminal with a combined annual handling capacity of four million TEU.

This strategic long term partnership was announced in December 2018, to provide capacity and scale of operations in meeting ONE's needs of establishing Singapore as its transshipment hub in Southeast Asia.

The Magenta Singapore Terminal is named after ONE's distinctive brand identity and the inauguration also saw ONE'S 14,000 TEU-class magenta containership berthed at the new joint venture terminal.

Source : shippingazette.com