When completed, the Singapore terminal will boost PSA's total handling capacity to 35 million TEU. PSA has invested S$5 billion (US$3.31 billion) in developing the berths in the past decade.
Kuah Boon Wee, PSA chief executive for Southeast Asia and Singapore Terminals, said: "PSA Singapore Terminals is well poised for further growth generated by buoyant global container trade. Year-to-date, we have seen a 13.7 per cent increase in volumes to reach 17.8 million TEU for the first eight months of this year."
This comes as PSA recently awarded a contract to Shanghai Zhenhua Port Machinery Company (ZPMC) worth approximately S$400 million for new super post-Panamax quay cranes.
"This latest acquisition of new super post-Panamax quay cranes is part of our efforts to develop Pasir Panjang Terminal. Each super post-Panamax quay crane has an outreach of 22 container rows across. These cranes are also equipped with 40-foot tandem lift capability and custom-made to handle mega containerships with capacities in excess of 13,000 TEU."