PSA Singapore (PSA) and Goldlead Supply Chain Development (Southeast Asia) Pte.Ltd. (COSCO), a joint venture between COSCO Shipping Holdings Co., Ltd. and COSCO Shipping International (Singapore) Co., Ltd, have signed a Memorandum of Understanding (MOU) to explore collaboration on dedicated warehouse and logistics capabilities within the upcoming PSA Supply Chain Hub @ Tuas (PSCH) in Singapore.
Strategically co-located within the same Free Trade Zone as Tuas Port, PSCH is a state-of-the-art complex that integrates container freight stations, a regional distribution centre, cold store, dangerous goods handling and other value-added capabilities all under one roof. Slated to commence operations in 2027, PSCH is expected to serve the growing flows of high value cargo across Southeast Asia, China, and the broader Asia-Pacific region.
This collaboration marks a significant step forward in the longstanding partnership between PSA and COSCO, aligning both parties’ strengths to advance beyond container port operations into integrated supply chain solutions. By leveraging PSA’s integrated Port Ecosystem, encompassing port-centric, value-added services and end-to-end supply chain solutions, together with COSCO’s extensive shipping and logistics network, the partnership is strategically positioned to deliver enhanced value and unlock new growth opportunities for customers across Asia and beyond.
Ms Seow Hwee, Head of Port Ecosystem for Southeast Asia, PSA, said, “PSA is delighted to embark on this new partnership with COSCO, one of the world’s leading shipping companies and a long-standing trusted partner. This collaboration reinforces PSA’s efforts to strengthen key nodes and to build resilient ecosystems, while leveraging Singapore’s strategic position as a global logistics and transhipment hub. It underscores our shared commitment to delivering integrated supply chain solutions, supporting the growing demand for regional cargo connectivity, and creating long-term value for our customers across Asia.”
Mr Zhou Ganfei, CEO of Goldlead Supply Chain Development (Southeast Asia) Pte.Ltd., said, “Singapore’s strategic location and PSA’s state-of-the-art facilities make this collaboration a natural fit. PSCH’s seamless proximity to Tuas Port will enable us to serve our customers in Southeast Asia and beyond with greater speed and efficiency. By combining PSA’s bespoke Port Ecosystem offerings with COSCO’s logistics expertise, we are confident that this partnership will unlock new growth opportunities and strengthen connectivity across the region.”
Source: PSA Singapore (PSA)