Nippon Yusen Kaisha (NYK), PSA Singapore Terminals, and Kawasaki Kisen Kaisha, Ltd. (‘K’ Line) have agreed on a contract for establishing the first dedicated automobile terminal at PSA Singapore Terminals.
The new joint venture has been named Asia Automobile Terminal Singapore (AATS), and by January 2009, it will establish and operate a dedicated terminal for automobiles using two berths at PSA’s Pasir Panjang Terminal.
PSA, which provides transshipping for finished automobiles for export from Asian countries, is a very important harbor in Asia for NYK’s finished-automobile transport service.
By establishing this new joint venture, NYK will continue to develop its competitive network for the finished-automobile transport service that the company offers through the port of Singapore in order to best position itself to respond to demand in Asian countries, which is expected to increase rapidly in the future.
PSA Singapore Terminals operates the world’s largest container transshipment hub. It links shippers to an excellent network of 200 shipping lines with connections to 600 ports in 123 countries. In 2006, PSA Singapore Terminals handled 24 million teus, and its, multipurpose terminals moved over 18 million tons of break-bulk and specialized cargo.