PSA Singapore and Mitsui O.S.K. Lines have announced the formation of a joint venture Ro-Ro terminal in Singapore. The partnership aims to enhance operational quality and unlock greater synergies in global automobile logistics.
Strategic Partnership Enhances Service Reliability
PSA and MOL will deepen collaboration across three key areas. These include operational optimization, digital innovation, and sustainability leadership.
The efforts align with PSA’s vision of connecting its nodes into a synchronized network. The network can adapt to evolving trade patterns. The partnership also supports MOL’s management plan “BLUE ACTION 2035.” The plan aims to strengthen the company’s global market position and drive sustainable business growth.
Integrating into Global Network
Nelson Quek, Regional CEO Southeast Asia at PSA International, emphasized PSA’s role in global trade. “This partnership with MOL strengthens that role by integrating our automobile terminal more deeply into our global network,” he said. The integration enables seamless connectivity across the automotive logistics value chain.
Jotaro Tamura, Senior Managing Executive Officer of MOL, described the investment as an important part of the company’s regional strategy. MOL aims to expand beyond shipping business alongside its marine transportation services. The company will expand its automotive business through the partnership.
“By combining the strengths of MOL and PSA in this joint venture, we will enhance scale and efficiency while driving sustainability and digital innovation,” Tamura said. The investment reflects MOL’s commitment to stronger industry partnerships and a more sustainable global supply chain.