PSA International
 | |
| Company type | Private |
|---|---|
| Industry | Port Operator, Logistics |
| Founded | April 1, 1964 (as Port of Singapore Authority) October 1, 1997 (as PSA Corporation Ltd), December 2003 (as PSA International Pte Ltd) |
| Headquarters | 1 Harbour Drive, PSA Horizons, Singapore 117352 |
Key people | Peter Voser (Group Chairman) Ong Kim Pong (Group CEO) |
| Services | Port services, logistics services |
| Parent | Temasek Holdings |
| Website | globalpsa.com |
PSA International Pte Ltd, formerly the Port of Singapore Authority, is a port operator and supply chain company, with flagship operations in Singapore and Antwerp. One of the largest port operators in the world, PSA has terminals across 26 countries, including deepsea, rail and inland facilities. PSA is also involved in distripark and marine services.[1]
History
Under the 1912 Straits Settlements Port Ordinance, the Singapore Harbour Board was formed on 1 July 1913.[2] On 1 April 1964, the Port of Singapore Authority came into being under the 1963 Port of Singapore Authority Ordinance to replace the Singapore Harbour Board and several organisations that have been operating in the port.[3]
In the 1970s, PSA started building a container port in Singapore, and in 1972, handled their first container ship. A decade later, they reached the milestone of one-million-TEU of number of containers processed. They later reached the 5 million TEU mark by 1990, making Singapore the world’s largest container port at the time. The company became a global operator after it first started its global expansion in 1966 through port interests in Dalian, China.[4][5]
A parliamentary bill was passed on 25 August 1997, to turn the Port of Singapore Authority, a state organisation into an independent commercial company. PSA Corporation Limited was thus corporatised on 1 October 1997. The company kept the initials “PSA” as its brand name but it is no longer an acronym. The regulatory functions of the former authority were transferred to Singapore's new maritime regulator, the Maritime and Port Authority of Singapore (MPA).
In order to focus on its core port business, PSA Corporation set up The HarbourFront Limited (present day Mapletree) on 7 December 2000, to spearhead development of its properties.[6]
Following a restructuring exercise in December 2003, PSA International Pte Ltd became the holding company for the PSA Group of companies.
In March 2022, it was announced by PSA International and Halifax Port Authority that PSA has acquired the Fairview Cove Container Terminal (Ceres Halifax Inc.) from Nippon Yusen Kabushiki Kaisha.[7]
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 and port and terminal towage. PSA Marine owns and operates a fleet of over 80 vessels in Singapore, Malaysia, Hong Kong, mainland China, India, Australia, Panama, Peru and Oman.
References
- ^ "About PSA International". PSA International.
- ^ "Singapore Harbour Board is formed - Singapore History". eresources.nlb.gov.sg.
- ^ "Formation of the Port of Singapore Authority - Singapore History". eresources.nlb.gov.sg.
- ^ "11 Major Container Terminal Operators In The World". Marine Insight. 23 July 2021. Retrieved 22 December 2021.
- ^ "Top 10: The busiest container port and terminal operators in the world". Container News. 24 September 2021. Retrieved 22 December 2021.
- ^ "PSA Sets Up New Vehicle To Pursue HarbourFront Business While Sharpening Focus On core Business". Mapletree. 7 December 2000. Retrieved 22 July 2019.
- ^ "PSA acquires container terminal in the Port of Halifax". Port Technology International. 4 April 2022. Retrieved 4 April 2022.
External links
- Official website
- Port of Singapore Authority Infopedia page
- Singapore Harbour Board Infopedia page
- SG Bicentennial: A Port's Story - a video series about the history of the port of Singapore, produced by PSA Singapore in 2019 to commemorate Singapore's Bicentennial.
