MOL and PSA Singapore have announced the formation of a joint-venture (JV) Ro-Ro (roll-on/roll-off) terminal in Singapore.
The partnership marks a significant step towards enhancing operational quality and unlocking greater synergies in global automobile logistics. The JV terminal is currently subject to regulatory approval and is expected to commence operations in the first half of this year.
As Southeast Asia’s largest automotive transhipment hub, Singapore is a key gateway connecting Asia to major global markets, offering multiple regional connections and value added services for vehicles transiting from source to market. This strategic partnership will enhance terminal service reliability and operational efficiency for MOL’s Ro-Ro service, while securing long-term terminal capacity to support its growing automobile transport demand.
Through this joint-venture, MOL will leverage its extensive global service network, while PSA will contribute its longstanding expertise as a terminal operator, strengthening their long-term partnership as they jointly manage the terminal operations.
Beyond terminal operations, MOL and PSA will deepen their collaboration across three key areas of operational optimisation, digital innovation and sustainability leadership.These efforts are aligned with PSA’s vision of connecting its nodes into a synchronized network that can adapt to evolving trade patterns, as well as MOL’s management plan “BLUE ACTION 2035” which aims to strengthen its global market position and drive sustainable business growth.
Mr Nelson Quek, Regional CEO Southeast Asia, PSA International, said, “PSA Singapore has long served as a cornerstone of global trade, trusted as a key hub and vital node within the world’s supply chains. This partnership with MOL strengthens that role by integrating our automobile terminal more deeply into our global network, enabling seamless connectivity across the automotive logistics value chain. Together, we are committed to delivering sustainable, long-term value for our automotive customers.”
Mr Jotaro Tamura, Senior Managing Executive Officer of MOL, said, “This investment is an important part of MOL’s regional strategy to expand beyond shipping business, alongside our marine transportation services, and to expand our automotive business. By combining the strengths of MOL and PSA in this joint venture, we will enhance scale and efficiency while driving sustainability and digital innovation. This investment reflects MOL’s commitment to stronger industry partnerships and a more sustainable global supply chain. Together, we aim to deliver even higher quality automotive transportation services to our customers.”
