The Magenta Singapore Terminal, a joint venture terminal between Ocean Network Express (ONE) and PSA Singapore (PSA), was inaugurated on May 13, 2019. It will operate four mega container berths at Pasir Panjang Terminal with a combined annual handling capacity of 4 million TEUs.
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 transhipment hub in South-East Asia, with high-quality services and enhanced productivity through the industry-leading port infrastructure and cutting-edge technologies.
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, ONE STORK, berthed at the new joint venture terminal, said a release.
