CMA CGM and PSA launch phase 2 of container terminal JV in Singapore
The joint venture now has total operating capacity of 4 million TEUs.
The CMA CGM Group and PSA on Monday launched the second phase of their container terminal joint venture in Singapore.
The CMA CGM - PSA Lion Terminal (CPLT) started operations with two mega container berths at PSA Singapore’s Pasir Panjang Terminal 5 (PPT 5) that had an initial annual capacity of 2 million TEUs (twenty-foot equivalent units) in July 2016.
With the addition of two more berths under Phase 2 of its development, CPLT is now equipped with a total operating capacity of 4 million TEUs.