Cosco Shipping JV Signs MOU with PSA for Tuas Supply Chain Hub
SGX:F83.SI:Cosco Shipping International (Singapore)
A joint venture of Cosco Shipping International (Singapore) has signed a memorandum of understanding (MOU) with PSA Port Ecosystem (PSA), Supply Fortune Limited, and Goldlead Supply Chain Development to explore collaboration on a new warehouse project, the PSA Supply Chain Hub @ Tuas.
The parties aim to establish a regional distribution centre in Singapore to serve Southeast Asia and wider Asian markets, with most of the cargo targeted for regional transshipment.
Cosco noted that the MOU is non-binding and may or may not lead to a definitive agreement.
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