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Fri, May

PSA expands China presence with Xiamen port investment

Container News
PSA expands China presence with Xiamen port investment

PSA International has secured an investment in Xiamen Container Terminal Group through a public bidding process.

The group operates eight container terminals with a combined annual capacity of about 20 million TEUs.

The deal remains subject to regulatory approvals and closing conditions.

Expanding logistics integration

As part of the transaction, PSA will also increase its stake in the Xiamen Port Intermodal Logistics Hub.

This move aims to strengthen integration between port operations, inland logistics, and intermodal transport in Fujian province.

Strengthening China strategy

The investment deepens PSA’s presence in China, where it already operates in Xiamen and Fuzhou.

Group CEO Ong Kim Pong said the partnership will help build a stronger logistics ecosystem and improve service for global customers.

Supporting regional trade growth

Xiamen Port Group said the partnership will enhance the port’s competitiveness and support international trade development.

The project aligns with China’s Silk Road Maritime Strategy and aims to boost Fujian’s role as a key trade and logistics hub.

Building a global network

PSA said the investment supports its “Node-to-Network” strategy, which focuses on connecting ports with inland supply chains.

Fujian’s location along China’s southeast coast positions it as a key gateway for growing trade flows, especially with emerging markets.

The post PSA expands China presence with Xiamen port investment appeared first on Container News.

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